Key Points
- CEO Russell Wayne Ford sold 40,000 shares on Feb. 4 at an average price of $30.12 for about $1.20M, and also sold three other 40,000-share blocks on Feb. 2, Jan. 7 and Jan. 5 — a total of 160,000 shares sold in early Jan–Feb, leaving him with 726,955 shares worth roughly $21.9M.
- The board authorized a $450 million share buyback on Dec. 10, allowing repurchases of up to about 5% of outstanding shares.
- StandardAero reported Q results with EPS of $0.20 (in line with estimates) and revenue of $1.50B (beat estimates and up 20.4% YoY); the stock trades near $30.59, has a market cap of ~$10.23B and an average analyst rating of "Hold" with a $34 target.
StandardAero, Inc. (NYSE:SARO - Get Free Report) CEO Russell Wayne Ford sold 40,000 shares of the business's stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $30.12, for a total value of $1,204,800.00. Following the completion of the transaction, the chief executive officer owned 726,955 shares in the company, valued at approximately $21,895,884.60. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Russell Wayne Ford also recently made the following trade(s):
- On Monday, February 2nd, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $30.47, for a total value of $1,218,800.00.
- 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 shares were sold at an average price of $30.18, for a total value of $1,207,200.00.
StandardAero Stock Performance
StandardAero stock opened at $30.59 on Friday. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.48. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.89. The stock has a market cap of $10.23 billion, a P/E ratio of 55.62 and a beta of 1.04. The stock has a 50 day moving average of $29.65 and a 200-day moving average of $28.06.
StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.43 billion. StandardAero had a net margin of 3.15% and a return on equity of 9.63%. The business's revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. On average, analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.
StandardAero announced that its board has authorized a stock buyback program on Wednesday, December 10th that authorizes the company to repurchase $450.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on SARO shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of StandardAero in a research note on Monday, November 24th. Susquehanna set a $38.00 target price on StandardAero in a research report on Thursday, January 15th. Royal Bank Of Canada reissued an "outperform" rating and set a $37.00 price target on shares of StandardAero in a research report on Thursday, January 29th. Truist Financial started coverage on StandardAero in a research note on Friday, October 10th. They set a "buy" rating and a $35.00 price objective on the stock. Finally, Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, StandardAero currently has an average rating of "Hold" and an average target price of $34.00.
View Our Latest Stock Analysis on StandardAero
Hedge Funds Weigh In On StandardAero
Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank bought a new position in shares of StandardAero during the first quarter worth about $26,000. State of Wyoming acquired a new position in StandardAero during the 3rd quarter valued at about $27,000. First Horizon Advisors Inc. grew its position in StandardAero by 100.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company's stock worth $32,000 after purchasing an additional 509 shares during the last quarter. First Horizon Corp bought a new position in StandardAero in the 3rd quarter worth about $34,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of StandardAero in the fourth quarter valued at approximately $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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