StandardAero, Inc. (NYSE:SARO - Get Free Report) CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $30.44, for a total value of $1,217,600.00. Following the sale, the chief executive officer directly owned 486,955 shares of the company's stock, valued at $14,822,910.20. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Russell Wayne Ford also recently made the following trade(s):
- On Wednesday, July 1st, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $30.23, for a total transaction of $1,209,200.00.
- On Thursday, April 16th, Russell Wayne Ford sold 10,638 shares of StandardAero stock. The shares were sold at an average price of $27.36, for a total transaction of $291,055.68.
StandardAero Trading Down 6.1%
SARO opened at $28.20 on Thursday. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 32.04 and a beta of 0.91. The business's 50 day moving average is $26.91 and its two-hundred day moving average is $28.28. StandardAero, Inc. has a 52 week low of $23.83 and a 52 week high of $34.48.
StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. StandardAero had a net margin of 4.71% and a return on equity of 12.36%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business posted $0.19 earnings per share. StandardAero's quarterly revenue was up 13.3% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. On average, research analysts predict that StandardAero, Inc. will post 1.42 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have commented on SARO shares. Susquehanna reduced their target price on StandardAero from $40.00 to $37.00 and set a "positive" rating for the company in a report on Monday, May 11th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and set a $39.00 target price on shares of StandardAero in a research report on Friday, May 8th. Royal Bank Of Canada cut their price target on StandardAero from $37.00 to $34.00 and set an "outperform" rating for the company in a research note on Friday, May 1st. Zacks Research cut shares of StandardAero from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 12th. Finally, BTIG Research began coverage on shares of StandardAero in a research report on Thursday, April 2nd. They issued a "buy" rating and a $35.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.25.
Read Our Latest Stock Report on SARO
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in SARO. Norges Bank purchased a new stake in StandardAero during the fourth quarter valued at about $217,655,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of StandardAero by 42.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company's stock valued at $395,890,000 after acquiring an additional 4,523,693 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in StandardAero by 33.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company's stock valued at $401,525,000 after purchasing an additional 3,540,167 shares during the period. Victory Capital Management Inc. lifted its stake in shares of StandardAero by 175.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,040,723 shares of the company's stock worth $144,568,000 after purchasing an additional 3,212,827 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of StandardAero by 447,114.3% during the 4th quarter. Bessemer Group Inc. now owns 3,103,667 shares of the company's stock valued at $89,014,000 after buying an additional 3,102,973 shares during the period.
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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