StandardAero (NYSE:SARO) Coverage Initiated at Truist Financial

Stock analysts at Truist Financial started coverage on shares of StandardAero (NYSE:SARO) in a note issued to investors on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $35.00 price target on the stock. Truist Financial’s price target suggests a potential upside of 32.48% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Susquehanna assumed coverage on shares of StandardAero in a research note on Wednesday, September 17th. They set a “positive” rating and a $34.00 target price on the stock. CIBC lowered 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. Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StandardAero in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, StandardAero currently has an average rating of “Moderate Buy” and a consensus price target of $34.42.

StandardAero Stock Down 1.4%

StandardAero stock opened at $26.42 on Friday. The stock has a market cap of $8.84 billion and a price-to-earnings ratio of 64.44. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $27.13 and its two-hundred day moving average price is $27.92. StandardAero has a 52 week low of $21.31 and a 52 week high of $33.00.

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

Insider Buying and Selling at StandardAero

In other 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 value of $2,068,527.08. Following the transaction, the insider directly owned 16,908 shares of the company’s stock, valued at $474,438.48. This trade represents a 81.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 80,626 shares of company stock valued at $2,261,951 over the last quarter. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SARO. Comerica Bank purchased a new position in shares of StandardAero in the first quarter worth approximately $26,000. Corebridge Financial Inc. increased its position in shares of StandardAero by 46.8% in 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 in the last quarter. GAMMA Investing LLC increased its position in shares of StandardAero by 272.3% in the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company’s stock worth $30,000 after acquiring an additional 825 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of StandardAero by 100.4% in the second quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock worth $32,000 after acquiring an additional 509 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of StandardAero by 798.1% in the second quarter. Parallel Advisors LLC now owns 1,383 shares of the company’s stock worth $44,000 after acquiring an additional 1,229 shares in the last quarter.

StandardAero Company Profile

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.