StandardAero, Inc. (NYSE:SARO - Get Free Report) insider Michael Kaplan sold 780 shares of the firm's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $21.24, for a total value of $16,567.20. Following the completion of the sale, the insider owned 2,161 shares of the company's stock, valued at approximately $45,899.64. This trade represents a 26.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
StandardAero Price Performance
Shares of StandardAero stock traded up $0.29 during trading on Friday, reaching $21.28. The company's stock had a trading volume of 4,971,402 shares, compared to its average volume of 4,078,657. The company has a current ratio of 2.13, a quick ratio of 1.59 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $7.04 billion, a P/E ratio of 21.94 and a beta of 0.91. StandardAero, Inc. has a one year low of $19.56 and a one year high of $34.48. The stock has a 50-day moving average price of $23.57 and a two-hundred day moving average price of $25.87.
StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.08. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. StandardAero had a return on equity of 14.52% and a net margin of 5.12%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, sell-side analysts anticipate that StandardAero, Inc. will post 1.50 EPS for the current fiscal year.
Hedge Funds Weigh In On StandardAero
Several institutional investors and hedge funds have recently modified their holdings of the business. Carlyle Group Inc. bought a new stake in StandardAero during the 2nd quarter worth approximately $2,529,998,000. BlackRock Inc. acquired a new stake in StandardAero during the 2nd quarter worth approximately $646,128,000. Jupiter Topco LLC acquired a new stake in StandardAero during the 2nd quarter worth approximately $366,857,000. Bank of America Corp DE acquired a new stake in StandardAero during the 2nd quarter worth approximately $178,878,000. Finally, Findlay Park Partners LLP bought a new position in StandardAero in the second quarter valued at approximately $150,523,000.
Analysts Set New Price Targets
A number of equities analysts have issued reports on SARO shares. Susquehanna reaffirmed a "negative" rating on shares of StandardAero in a research note on Thursday, October 1st. Jefferies Financial Group set a $25.00 target price on shares of StandardAero in a report on Thursday, September 24th. Bank of America dropped their target price on shares of StandardAero from $35.00 to $27.00 and set a "neutral" rating for the company in a research report on Thursday, September 17th. Weiss Ratings downgraded StandardAero from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of StandardAero in a research report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.00.
Check Out Our Latest Stock Report on SARO
StandardAero Company Profile
(
Get Free Report)
StandardAero is an aerospace maintenance, repair and overhaul (MRO) company serving commercial aviation, business aviation, general aviation, military and government customers. The company provides services designed to maintain, repair, overhaul and extend the operating life of aircraft and their components.
Its offerings include engine maintenance and overhaul, airframe services, avionics and electrical work, landing-gear and component support, engineering, and parts and logistics services.
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