StandardAero (NYSE:SARO) CEO Russell Wayne Ford Sells 10,969 Shares

StandardAero, Inc. (NYSE:SARO) CEO Russell Wayne Ford sold 10,969 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $30.04, for a total transaction of $329,508.76. Following the completion of the sale, the chief executive officer owned 435,986 shares of the company’s stock, valued at $13,097,019.44. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, August 4th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $30.24, for a total transaction of $1,209,600.00.
• On Monday, July 6th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.44, for a total transaction of $1,217,600.00.
• On Wednesday, July 1st, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.23, for a total transaction of $1,209,200.00.

StandardAero Stock Up 0.6%

Shares of NYSE SARO opened at $30.87 on Thursday. StandardAero, Inc. has a 1 year low of $23.83 and a 1 year high of $34.48. The firm has a 50-day simple moving average of $27.88 and a two-hundred day simple moving average of $28.04. The company has a market cap of $10.26 billion, a P/E ratio of 35.08 and a beta of 0.92. 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 (NYSE:SARO) last released its earnings results on Thursday, May 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. StandardAero had a return on equity of 12.36% and a net margin of 4.71%.The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Research analysts anticipate that StandardAero, Inc. will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On StandardAero

Several institutional investors have recently bought and sold shares of the company. Comerica Bank purchased a new stake in StandardAero in the first quarter valued at about $26,000. Optiver Holding B.V. purchased a new stake in shares of StandardAero during the first quarter worth about $51,000. Danske Bank A S purchased a new stake in shares of StandardAero during the third quarter worth about $82,000. Parallel Advisors LLC grew its stake in shares of StandardAero by 210.3% during the fourth quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after acquiring an additional 2,067 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of StandardAero by 54.6% during the second quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock valued at $90,000 after acquiring an additional 1,060 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SARO shares. Susquehanna dropped their price target on StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research report on Monday, May 11th. Wall Street Zen lowered shares of StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Jefferies Financial Group cut shares of StandardAero from a “buy” rating to a “hold” rating and lowered their price target for the stock from $34.00 to $30.00 in a research report on Tuesday, June 2nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $39.00 target price on shares of StandardAero in a research report on Friday, May 8th. Finally, Truist Financial raised StandardAero to a “strong-buy” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.00.

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.