StandardAero (NYSE:SARO) Coverage Initiated at BTIG Research

Equities researchers at BTIG Research began coverage on shares of StandardAero (NYSE:SARO) in a research report issued on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $35.00 price target on the stock. BTIG Research’s price objective would indicate a potential upside of 33.17% from the stock’s current price.

SARO has been the subject of several other research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $37.00 price objective on shares of StandardAero in a research report on Thursday, January 29th. Wall Street Zen raised shares of StandardAero from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. UBS Group raised their price target on shares of StandardAero from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Susquehanna set a $38.00 price objective on shares of StandardAero in a research report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of StandardAero in a report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.70.

StandardAero Stock Up 0.1%

NYSE SARO opened at $26.28 on Thursday. The stock’s 50 day simple moving average is $29.11 and its 200 day simple moving average is $28.37. StandardAero has a one year low of $21.31 and a one year high of $34.48. The firm has a market cap of $8.74 billion, a PE ratio of 31.67 and a beta of 1.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.20 and a quick ratio of 1.57.

StandardAero (NYSE:SARO) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. StandardAero had a return on equity of 10.88% and a net margin of 4.58%.The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted ($0.04) EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. As a group, sell-side analysts forecast that StandardAero will post 0.29 earnings per share for the current fiscal year.

StandardAero declared that its board has initiated a share repurchase plan on Wednesday, December 10th that allows the company to buyback $450.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $30.09, for a total transaction of $1,203,600.00. Following the completion of the sale, the chief executive officer owned 606,955 shares in the company, valued at $18,263,275.95. The trade was a 6.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 200,000 shares of company stock valued at $6,044,000. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On StandardAero

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vulcan Value Partners LLC acquired a new stake in shares of StandardAero during the fourth quarter worth $13,618,000. T. Rowe Price Investment Management Inc. lifted its stake in StandardAero by 11.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,984,551 shares of the company’s stock valued at $343,717,000 after buying an additional 1,194,488 shares during the period. State of Tennessee Department of Treasury bought a new position in StandardAero during the fourth quarter worth about $2,360,000. VARCOV Co. bought a new position in StandardAero during the fourth quarter worth about $567,000. Finally, Wellington Management Group LLP grew its position in shares of StandardAero by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 10,867,767 shares of the company’s stock worth $311,688,000 after buying an additional 522,203 shares during the period.

StandardAero Company Profile

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.