StandardAero (NYSE:SARO) Now Covered by BTIG Research

BTIG Research started coverage on shares of StandardAero (NYSE:SARO) in a report released on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $35.00 price objective on the stock.

SARO has been the topic of a number of other research reports. Weiss Ratings restated a “hold (c)” rating on shares of StandardAero in a research note on Monday, December 22nd. Zacks Research raised StandardAero from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $37.00 price objective on shares of StandardAero in a research report on Thursday, January 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $39.00 target price on shares of StandardAero in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded shares of StandardAero from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.70.

StandardAero Stock Up 0.1%

NYSE:SARO opened at $26.28 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.20 and a quick ratio of 1.57. The company’s fifty day moving average price is $29.25 and its 200-day moving average price is $28.38. StandardAero has a 1-year low of $21.31 and a 1-year 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 posted its earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. As a group, equities research analysts anticipate that StandardAero will post 0.29 EPS for the current year.

StandardAero declared that its board has authorized a share repurchase program on Wednesday, December 10th that allows the company to repurchase $450.00 million in shares. This repurchase authorization allows the company to reacquire up to 5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions 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, March 4th. The stock was sold at an average price of $30.09, for a total value of $1,203,600.00. Following the sale, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 200,000 shares of company stock worth $6,044,000 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On StandardAero

A number of institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank acquired a new position in StandardAero during the first quarter worth $26,000. State of Wyoming acquired a new stake in shares of StandardAero in the third quarter valued at about $27,000. First Horizon Corp acquired a new stake in shares of StandardAero in the third quarter valued at about $34,000. Aventura Private Wealth LLC purchased a new stake in shares of StandardAero during the fourth quarter worth about $45,000. Finally, Danske Bank A S purchased a new stake in shares of StandardAero during the third quarter worth about $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.