Russell Wayne Ford Sells 40,000 Shares of StandardAero (NYSE:SARO) Stock

StandardAero, Inc. (NYSE:SARO) CEO Russell Wayne Ford sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $30.23, for a total transaction of $1,209,200.00. Following the completion of the transaction, the chief executive officer owned 566,955 shares of the company’s stock, valued at approximately $17,139,049.65. This trade represents a 6.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Russell Wayne Ford also recently made the following trade(s):

• 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 3.0%

NYSE SARO opened at $30.01 on Wednesday. The business has a 50 day simple moving average of $26.83 and a 200 day simple moving average of $28.27. The stock has a market capitalization of $9.98 billion, a P/E ratio of 34.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.59. StandardAero, Inc. has a one year low of $23.83 and a one year high of $34.48.

StandardAero (NYSE:SARO) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.49 billion. StandardAero had a return on equity of 12.36% and a net margin of 4.71%.The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. Research analysts expect that StandardAero, Inc. will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

SARO has been the subject of a number of recent research reports. Wells Fargo & Company started coverage on StandardAero in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 target price for the company. Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. UBS Group upgraded StandardAero from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $35.00 to $34.00 in a research report on Monday, May 11th. Weiss Ratings upgraded shares of StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada reduced their price objective on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, StandardAero currently has an average rating of “Moderate Buy” and an average target price of $34.25.

Institutional Trading of StandardAero

Several institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in StandardAero by 42.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock worth $395,890,000 after buying an additional 4,523,693 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of StandardAero by 33.8% during 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 acquiring an additional 3,540,167 shares in the last quarter. Janus Henderson Group PLC raised its holdings in StandardAero by 7.3% in the 1st quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company’s stock worth $311,002,000 after acquiring an additional 816,276 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in StandardAero by 11.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,984,551 shares of the company’s stock worth $343,717,000 after acquiring an additional 1,194,488 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in StandardAero by 5.0% in the 4th quarter. Wellington Management Group LLP now owns 10,867,767 shares of the company’s stock valued at $311,688,000 after acquiring an additional 522,203 shares in the last quarter.

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.