StandardAero (NYSE:SARO) Coverage Initiated at Wells Fargo & Company

Investment analysts at Wells Fargo & Company initiated coverage on shares of StandardAero (NYSE:SARO) in a note issued to investors on Wednesday, Marketbeat.com reports. The firm set an “overweight” rating and a $32.00 price target on the stock. Wells Fargo & Company‘s target price points to a potential upside of 21.76% from the stock’s current price.

Several other analysts have also recently weighed in on SARO. UBS Group raised their price target on StandardAero from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Wall Street Zen raised StandardAero from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings restated a “hold (c)” rating on shares of StandardAero in a research report on Monday, December 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 target price on shares of StandardAero in a research note on Thursday, January 29th. Finally, Zacks Research upgraded shares of StandardAero from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.70.

StandardAero Price Performance

SARO stock opened at $26.28 on Wednesday. The firm has a 50 day moving average of $29.25 and a 200-day moving average of $28.38. The company has a current ratio of 2.20, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82. StandardAero has a 12 month low of $21.31 and a 12 month high of $34.48. The firm has a market capitalization of $8.74 billion, a P/E ratio of 31.67 and a beta of 1.35.

StandardAero (NYSE:SARO) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. As a group, sell-side analysts predict that StandardAero will post 0.29 earnings per share for the current fiscal year.

StandardAero announced that its Board of Directors has authorized a share buyback program on Wednesday, December 10th that allows the company to repurchase $450.00 million in shares. This repurchase authorization allows the company to purchase up to 5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $30.09, for a total transaction of $1,203,600.00. Following the transaction, the chief executive officer owned 606,955 shares of the company’s stock, valued at approximately $18,263,275.95. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 200,000 shares of company stock worth $6,044,000. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of StandardAero

Several institutional investors have recently added to or reduced their stakes in the business. Comerica Bank purchased a new position in shares of StandardAero in the first quarter worth about $26,000. State of Wyoming purchased a new stake in StandardAero during the 3rd quarter valued at about $27,000. First Horizon Corp purchased a new stake in StandardAero during the 3rd quarter valued at about $34,000. Aventura Private Wealth LLC bought a new position in StandardAero during the 4th quarter worth approximately $45,000. Finally, Danske Bank A S bought a new position in StandardAero during the 3rd quarter worth approximately $82,000.

StandardAero Company Profile

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.