Key Points
- CEO Russell Wayne Ford sold 40,000 shares on Feb. 2 at an average price of $30.47 for $1.22M (part of three recent 40,000-share sells), reducing his stake about 4.72% to 806,955 shares.
- StandardAero’s board approved a $450 million buyback (up to 5% of outstanding shares); the company also reported quarterly revenue of $1.50B (vs. $1.43B expected) and revenue growth of 20.4% year‑over‑year with EPS of $0.20.
- Analysts are mixed: the consensus rating is Hold with a $34 target (four Buys, five Holds, one Sell), and the stock trades near $29.89 with a $10B market cap and a P/E of 54.35.
StandardAero, Inc. (NYSE:SARO - Get Free Report) CEO Russell Wayne Ford sold 40,000 shares of the business's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $30.47, for a total value of $1,218,800.00. Following the sale, the chief executive officer directly owned 806,955 shares of the company's stock, valued at $24,587,918.85. This represents a 4.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Russell Wayne Ford also recently made the following trade(s):
- On Wednesday, January 7th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.24, for a total value of $1,209,600.00.
- On Monday, January 5th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.18, for a total value of $1,207,200.00.
StandardAero Stock Down 2.1%
SARO stock opened at $29.89 on Thursday. The business's 50-day moving average price is $29.49 and its 200-day moving average price is $28.04. The stock has a market cap of $10.00 billion, a P/E ratio of 54.35 and a beta of 1.04. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.89. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.48.
StandardAero (NYSE:SARO - Get Free Report) last released its earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, hitting analysts' consensus estimates of $0.20. StandardAero had a net margin of 3.15% and a return on equity of 9.63%. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the business earned $0.06 EPS. The firm's revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current year.
StandardAero announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 10th that permits the company to buyback $450.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.
Analysts Set New Price Targets
SARO has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of StandardAero in a research note on Thursday, January 29th. Zacks Research cut StandardAero from a "hold" rating to a "strong sell" rating in a research report on Friday, January 23rd. Sanford C. Bernstein reissued an "outperform" rating on shares of StandardAero in a research note on Monday, November 24th. UBS Group dropped their price target on StandardAero from $35.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, January 15th. Finally, Truist Financial began coverage on shares of StandardAero in a report on Friday, October 10th. They set a "buy" rating and a $35.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, StandardAero presently has a consensus rating of "Hold" and a consensus target price of $34.00.
Check Out Our Latest Research Report on StandardAero
Hedge Funds Weigh In On StandardAero
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank bought a new stake in StandardAero in the 1st quarter worth approximately $26,000. State of Wyoming bought a new position in shares of StandardAero during the 3rd quarter valued at approximately $27,000. First Horizon Advisors Inc. grew its holdings in shares of StandardAero by 100.4% in the second quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company's stock valued at $32,000 after purchasing an additional 509 shares in the last quarter. First Horizon Corp bought a new stake in StandardAero in the third quarter worth $34,000. Finally, Aventura Private Wealth LLC bought a new stake in StandardAero in the fourth quarter worth $45,000.
About StandardAero
(
Get Free Report)
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.
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