StandardAero, Inc. (NYSE:SARO) Receives Consensus Rating of “Hold” from Brokerages

StandardAero, Inc. (NYSE:SARO) has received an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.00.

Several equities analysts have recently commented on the company. Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a research report on Monday, November 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 price target on shares of StandardAero in a report on Thursday. Bank of America dropped their price target on StandardAero from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of StandardAero in a research report on Monday, December 22nd. Finally, Susquehanna set a $38.00 price target on shares of StandardAero in a report on Thursday, January 15th.

Insider Transactions at StandardAero

In other news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $30.24, for a total transaction of $1,209,600.00. Following the sale, the chief executive officer directly owned 886,955 shares of the company’s stock, valued at $26,821,519.20. This represents a 4.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

Institutional Trading of StandardAero

A number of large investors have recently made changes to their positions in SARO. Comerica Bank bought a new stake in StandardAero during the first quarter worth approximately $26,000. State of Wyoming bought a new stake in StandardAero in the third quarter worth $27,000. First Horizon Advisors Inc. lifted its position in StandardAero by 100.4% in the second quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock worth $32,000 after buying an additional 509 shares during the last quarter. First Horizon Corp purchased a new stake in shares of StandardAero in the third quarter valued at $34,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of StandardAero in the 4th quarter worth about $45,000.

StandardAero Stock Down 1.3%

Shares of SARO stock opened at $31.20 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.89. StandardAero has a 12 month low of $21.31 and a 12 month high of $34.48. The stock has a market cap of $10.43 billion, a P/E ratio of 56.72 and a beta of 1.04. The company has a 50 day simple moving average of $29.06 and a two-hundred day simple moving average of $28.05.

StandardAero (NYSE:SARO) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.43 billion. StandardAero had a net margin of 3.15% and a return on equity of 9.63%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. On average, research analysts expect that StandardAero will post 0.29 earnings per share for the current year.

StandardAero declared that its board has authorized a stock repurchase plan on Wednesday, December 10th that permits the company to buyback $450.00 million in shares. This buyback authorization permits the company to buy 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 stock is undervalued.

About StandardAero

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.