StandardAero (NYSE:SARO) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of StandardAero (NYSE:SARO) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research firms have also weighed in on SARO. Sanford C. Bernstein reiterated an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a report on Tuesday, February 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 price target on shares of StandardAero in a report on Thursday, January 29th. Wall Street Zen upgraded shares of StandardAero from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. UBS Group raised their price objective on StandardAero from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Zacks Research upgraded StandardAero from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 27th. Two investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.70.

StandardAero Price Performance

StandardAero stock opened at $26.28 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $8.74 billion, a P/E ratio of 31.67 and a beta of 1.35. The business has a 50-day moving average of $29.25 and a 200-day moving average of $28.38. StandardAero has a 1 year low of $21.31 and a 1 year high of $34.48.

StandardAero (NYSE:SARO) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company posted ($0.04) EPS. StandardAero’s revenue for the quarter was up 13.5% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. On average, equities analysts anticipate that StandardAero will post 0.29 EPS for the current year.

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

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $30.09, for a total transaction of $1,203,600.00. Following the completion of the transaction, the chief executive officer owned 606,955 shares in the company, valued at approximately $18,263,275.95. This 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 quarter, insiders have sold 200,000 shares of company stock valued at $6,044,000. Insiders own 1.90% of the company’s stock.

Institutional Trading of StandardAero

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of StandardAero by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company’s stock worth $401,525,000 after buying an additional 3,540,167 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in StandardAero by 11.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,984,551 shares of the company’s stock valued at $343,717,000 after acquiring an additional 1,194,488 shares in the last quarter. Janus Henderson Group PLC lifted its stake in StandardAero by 11.0% in the 4th quarter. Janus Henderson Group PLC now owns 11,224,061 shares of the company’s stock valued at $321,906,000 after acquiring an additional 1,108,066 shares in the last quarter. Vanguard Group Inc. boosted its position in StandardAero by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 11,210,370 shares of the company’s stock worth $305,931,000 after acquiring an additional 95,801 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in StandardAero by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 10,867,767 shares of the company’s stock worth $311,688,000 after acquiring an additional 522,203 shares during the last quarter.

About StandardAero

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.