StandardAero, Inc. (NYSE:SARO) Receives $34.00 Consensus PT from Brokerages

Shares of StandardAero, Inc. (NYSE:SARO) have earned a consensus rating of “Hold” from the ten analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $34.00.

A number of research firms recently weighed in on SARO. Truist Financial assumed coverage on shares of StandardAero in a report on Friday, October 10th. They set a “buy” rating and a $35.00 target price on the stock. Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Susquehanna set a $38.00 target price on shares of StandardAero in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of StandardAero in a research note on Monday, December 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 target price on shares of StandardAero in a research note on Thursday.

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $30.24, for a total transaction of $1,209,600.00. Following the sale, the chief executive officer directly owned 886,955 shares of the company’s stock, valued at approximately $26,821,519.20. The trade was a 4.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On StandardAero

Several institutional investors and hedge funds have recently modified their holdings of SARO. Carlyle Group Inc. boosted its stake in StandardAero by 13.6% in the 2nd quarter. Carlyle Group Inc. now owns 152,673,891 shares of the company’s stock worth $4,832,129,000 after purchasing an additional 18,321,061 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of StandardAero by 0.9% in the third quarter. Vanguard Group Inc. now owns 11,210,370 shares of the company’s stock worth $305,931,000 after buying an additional 95,801 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of StandardAero by 16.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,557,823 shares of the company’s stock valued at $312,934,000 after buying an additional 1,484,755 shares during the last quarter. Wellington Management Group LLP increased its position in shares of StandardAero by 18.2% during the third quarter. Wellington Management Group LLP now owns 10,345,564 shares of the company’s stock valued at $282,330,000 after acquiring an additional 1,593,347 shares in the last quarter. Finally, Norges Bank purchased a new position in StandardAero in the 2nd quarter worth approximately $203,038,000.

StandardAero Stock Performance

Shares of SARO stock opened at $30.91 on Friday. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 56.20 and a beta of 1.04. The firm’s 50-day simple moving average is $29.18 and its two-hundred day simple moving average is $28.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.48 and a current ratio of 2.18. StandardAero has a 52 week low of $21.31 and a 52 week high of $34.48.

StandardAero (NYSE:SARO) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.43 billion. StandardAero had a return on equity of 9.63% and a net margin of 3.15%.The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, equities analysts forecast that StandardAero will post 0.29 earnings per share for the current year.

StandardAero declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 10th that authorizes the company to buyback $450.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.