StandardAero, Inc. (NYSE:SARO) Receives $34.00 Average PT from Analysts

StandardAero, Inc. (NYSE:SARO) has been given an average rating of “Hold” by the ten analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $34.00.

A number of research analysts recently issued reports on the company. Bank of America reduced their price target on StandardAero from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 14th. UBS Group reduced their target price on StandardAero from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a report on Monday, November 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price target on shares of StandardAero in a research note on Thursday, January 29th. Finally, Zacks Research lowered shares of StandardAero from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd.

StandardAero Price Performance

Shares of NYSE SARO opened at $30.51 on Friday. The stock’s 50-day simple moving average is $29.41 and its two-hundred day simple moving average is $28.03. StandardAero has a twelve month low of $21.31 and a twelve month high of $34.48. The firm has a market capitalization of $10.21 billion, a P/E ratio of 55.48 and a beta of 1.04. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.89.

StandardAero (NYSE:SARO) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. StandardAero had a return on equity of 9.63% and a net margin of 3.15%.The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company earned $0.06 EPS. The company’s revenue was up 20.4% on a year-over-year basis. As a group, equities analysts anticipate that StandardAero will post 0.29 EPS for the current fiscal year.

StandardAero announced that its board has approved a stock repurchase program on Wednesday, December 10th that allows the company to buyback $450.00 million in outstanding shares. This buyback authorization allows the company to buy up to 5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at StandardAero

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $30.24, for a total transaction of $1,209,600.00. Following the completion of the transaction, the chief executive officer owned 886,955 shares of the company’s stock, valued at approximately $26,821,519.20. This trade represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of StandardAero

Large investors have recently made changes to their positions in the stock. Comerica Bank bought a new position in shares of StandardAero in the first quarter worth approximately $26,000. State of Wyoming purchased a new position in shares of StandardAero during the 3rd quarter valued at $27,000. First Horizon Advisors Inc. lifted 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 valued at $32,000 after buying an additional 509 shares in the last quarter. First Horizon Corp bought a new position in StandardAero in the 3rd quarter worth $34,000. Finally, Aventura Private Wealth LLC purchased a new stake in StandardAero in the 4th quarter worth $45,000.

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.