StandardAero (NYSE:SARO) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of StandardAero (NYSE:SARO) from a buy rating to a hold rating in a report released on Saturday morning.

SARO has been the topic of a number of other reports. Susquehanna assumed coverage on StandardAero in a report on Wednesday, September 17th. They issued a “positive” rating and a $34.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StandardAero in a research note on Wednesday. CIBC dropped their price objective on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a research note on Tuesday, July 8th. Barclays assumed coverage on shares of StandardAero in a research note on Friday, September 12th. They issued an “equal weight” rating and a $32.00 price objective on the stock. Finally, Truist Financial assumed coverage on shares of StandardAero in a research report on Friday. They issued a “buy” rating and a $35.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, StandardAero has a consensus rating of “Moderate Buy” and an average price target of $34.42.

StandardAero Price Performance

SARO stock opened at $26.42 on Friday. The stock has a market capitalization of $8.84 billion and a PE ratio of 64.44. The company’s 50-day moving average is $27.13 and its 200-day moving average is $27.92. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.49. StandardAero has a 1 year low of $21.31 and a 1 year high of $33.00.

StandardAero (NYSE:SARO) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The firm’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. Equities research analysts expect that StandardAero will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at StandardAero

In other StandardAero news, insider Alex Trapp sold 73,718 shares of StandardAero stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $28.06, for a total transaction of $2,068,527.08. Following the transaction, the insider owned 16,908 shares of the company’s stock, valued at $474,438.48. This trade represents a 81.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 80,626 shares of company stock worth $2,261,951 over the last 90 days. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On StandardAero

Hedge funds have recently modified their holdings of the company. Comerica Bank bought a new stake in StandardAero during the first quarter worth $26,000. Corebridge Financial Inc. lifted its holdings in StandardAero by 46.8% during the first quarter. Corebridge Financial Inc. now owns 1,079 shares of the company’s stock worth $29,000 after acquiring an additional 344 shares during the period. GAMMA Investing LLC raised its stake in shares of StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares during the period. First Horizon Advisors Inc. raised its stake in shares of StandardAero by 100.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock worth $32,000 after purchasing an additional 509 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of StandardAero by 798.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,383 shares of the company’s stock worth $44,000 after purchasing an additional 1,229 shares during the period.

About StandardAero

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.