StandardAero (NYSE:SARO) Price Target Lowered to $34.00 at Royal Bank Of Canada
by Doug Wharley · The Cerbat GemStandardAero (NYSE:SARO – Free Report) had its price target trimmed by Royal Bank Of Canada from $37.00 to $34.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.
A number of other analysts also recently weighed in on SARO. Zacks Research upgraded shares of StandardAero from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 27th. UBS Group upped their target price on shares of StandardAero from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Wells Fargo & Company started coverage on shares of StandardAero in a report on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 target price on the stock. Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.40.
Check Out Our Latest Stock Report on SARO
StandardAero Trading Down 1.3%
Shares of NYSE:SARO traded down $0.33 during midday trading on Friday, hitting $24.53. The company had a trading volume of 3,003,320 shares, compared to its average volume of 3,493,581. The company has a current ratio of 2.20, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82. StandardAero has a 12 month low of $23.83 and a 12 month high of $34.48. The firm has a fifty day simple moving average of $27.21 and a 200 day simple moving average of $28.23. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 29.55 and a beta of 0.82.
StandardAero (NYSE:SARO – Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. StandardAero had a return on equity of 10.88% and a net margin of 4.58%.The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. On average, analysts predict that StandardAero will post 1.41 EPS for the current year.
Insiders Place Their Bets
In other StandardAero news, insider Anthony Brancato sold 1,107 shares of StandardAero stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total value of $30,287.52. Following the transaction, the insider owned 2,991 shares of the company’s stock, valued at approximately $81,833.76. The trade was a 27.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kimberly Ernzen sold 2,516 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total transaction of $68,837.76. Following the completion of the transaction, the chief operating officer owned 6,632 shares of the company’s stock, valued at $181,451.52. This trade represents a 27.50% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 139,337 shares of company stock worth $4,156,260 in the last three months. 1.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On StandardAero
Several institutional investors have recently added to or reduced their stakes in the stock. Parnassus Investments LLC raised its stake in shares of StandardAero by 120.9% in the 3rd quarter. Parnassus Investments LLC now owns 1,139,581 shares of the company’s stock valued at $31,099,000 after purchasing an additional 623,652 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in shares of StandardAero by 45.5% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,428,485 shares of the company’s stock worth $66,273,000 after buying an additional 759,694 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of StandardAero during the third quarter worth about $1,241,000. Allspring Global Investments Holdings LLC grew its holdings in shares of StandardAero by 16.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,557,823 shares of the company’s stock worth $312,934,000 after buying an additional 1,484,755 shares in the last quarter. Finally, Fortress Investment Group LLC raised its position in StandardAero by 35.1% in the 3rd quarter. Fortress Investment Group LLC now owns 945,400 shares of the company’s stock valued at $25,800,000 after buying an additional 245,400 shares during the last quarter.
StandardAero Company Profile
StandardAero is a global aerospace maintenance, repair and overhaul (MRO) provider specializing in gas turbine engines, auxiliary power units (APUs), airframe components and oil & gas rotating equipment. The company offers a full suite of technical services including engine repair and overhaul, component repair, accessory maintenance, parts manufacturing and on-site field support. Its customer base spans commercial airlines, business and general aviation operators, regional carriers, original equipment manufacturers (OEMs) and defense organizations.
With roots dating back to 1911, StandardAero has grown through strategic acquisitions and organic expansion to become one of the largest independent MRO providers in the industry.