StandardAero (NYSE:SARO) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of StandardAero (NYSE:SARO) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

A number of other brokerages have also recently weighed in on SARO. CIBC dropped their price objective on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating for the company in a report on Tuesday, July 8th. Truist Financial initiated coverage on shares of StandardAero in a report on Friday, October 10th. They issued a “buy” rating and a $35.00 price objective for the company. Barclays initiated coverage on shares of StandardAero in a report on Friday, September 12th. They issued an “equal weight” rating and a $32.00 price objective for the company. Weiss Ratings restated a “sell (d+)” rating on shares of StandardAero in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.42.

StandardAero Price Performance

StandardAero stock opened at $27.90 on Tuesday. The company’s 50 day simple moving average is $27.12 and its 200-day simple moving average is $27.93. The company has a market capitalization of $9.33 billion and a price-to-earnings ratio of 68.05. StandardAero has a 1 year low of $21.31 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.49 and a current ratio of 2.15.

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

Insider Buying and Selling

In other StandardAero news, insider Alex Trapp sold 73,718 shares of the business’s 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 completion of the transaction, the insider owned 16,908 shares in the company, valued at $474,438.48. The trade was a 81.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 80,626 shares of company stock worth $2,261,951. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in StandardAero during the 1st quarter worth approximately $26,000. Corebridge Financial Inc. grew its holdings in StandardAero by 46.8% during the 1st 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 grew its holdings in 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 acquiring an additional 825 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in 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 acquiring an additional 509 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of StandardAero by 798.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,383 shares of the company’s stock valued at $44,000 after buying 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.