Insider Selling: StandardAero (NYSE:SARO) CEO Sells $1,204,800.00 in Stock

StandardAero, Inc. (NYSE:SARO) CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $30.12, for a total transaction of $1,204,800.00. Following the transaction, the chief executive officer directly owned 726,955 shares in the company, valued at approximately $21,895,884.60. This represents a 5.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Russell Wayne Ford also recently made the following trade(s):

• On Monday, February 2nd, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $30.47, for a total value of $1,218,800.00.
• On Wednesday, January 7th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $30.24, for a total value of $1,209,600.00.
• On Monday, January 5th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.18, for a total value of $1,207,200.00.

StandardAero Stock Up 3.7%

SARO stock opened at $30.59 on Monday. The stock has a market cap of $10.23 billion, a P/E ratio of 55.62 and a beta of 1.04. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.89. The stock’s fifty day simple moving average is $29.65 and its two-hundred day simple moving average is $28.05. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.48.

StandardAero (NYSE:SARO) last released its earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.43 billion. StandardAero had a return on equity of 9.63% and a net margin of 3.15%.The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. Analysts expect that StandardAero, Inc. will post 0.29 EPS for the current year.

StandardAero announced that its board has initiated a share repurchase program on Wednesday, December 10th that authorizes the company to buyback $450.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On StandardAero

Institutional investors and hedge funds have recently modified their holdings of the company. Burling Wealth Partners LLC purchased a new stake in shares of StandardAero in the fourth quarter worth $658,000. Covestor Ltd raised its holdings in shares of StandardAero by 1,057.6% in the 4th quarter. Covestor Ltd now owns 5,869 shares of the company’s stock valued at $168,000 after acquiring an additional 5,362 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of StandardAero by 44.6% in the 4th quarter. Handelsbanken Fonder AB now owns 39,900 shares of the company’s stock valued at $1,144,000 after acquiring an additional 12,300 shares in the last quarter. Gabelli Funds LLC bought a new stake in shares of StandardAero during the 4th quarter valued at about $402,000. Finally, Bessemer Group Inc. grew its holdings in shares of StandardAero by 447,114.3% during the fourth quarter. Bessemer Group Inc. now owns 3,103,667 shares of the company’s stock worth $89,014,000 after purchasing an additional 3,102,973 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $37.00 price target on shares of StandardAero in a research note on Thursday, January 29th. UBS Group decreased their target price on StandardAero from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a research note on Monday, November 24th. Bank of America cut their price target on StandardAero from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 14th. Finally, Zacks Research cut StandardAero from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, StandardAero currently has a consensus rating of “Hold” and a consensus price target of $34.00.

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.