StandardAero, Inc. (NYSE:SARO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of StandardAero, Inc. (NYSE:SARO) have earned a consensus rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $34.00.

A number of equities research analysts recently weighed in on the company. Susquehanna set a $38.00 price objective on StandardAero in a research report on Thursday, January 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $37.00 target price on shares of StandardAero in a research report on Thursday. Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of StandardAero in a research report on Monday, November 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of StandardAero in a research note on Monday, December 22nd.

Insider Activity

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 886,955 shares in the company, valued at approximately $26,821,519.20. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On StandardAero

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank purchased a new stake in shares of StandardAero during the 1st quarter valued at approximately $26,000. Royal Bank of Canada increased its holdings in shares of StandardAero by 418.8% in the 1st quarter. Royal Bank of Canada now owns 138,268 shares of the company’s stock valued at $3,682,000 after acquiring an additional 111,617 shares during the last quarter. AQR Capital Management LLC acquired a new stake in StandardAero during the 1st quarter worth $521,000. Goldman Sachs Group Inc. purchased a new stake in StandardAero in the first quarter valued at approximately $6,821,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in StandardAero in the 1st quarter valued at $12,343,000.

StandardAero Stock Down 1.3%

Shares of NYSE SARO opened at $31.20 on Friday. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 56.72 and a beta of 1.04. 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. The stock has a 50 day moving average price of $29.06 and a 200 day moving average price of $28.05.

StandardAero (NYSE:SARO) last released its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. StandardAero had a net margin of 3.15% and a return on equity of 9.63%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm earned $0.06 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts expect that StandardAero will post 0.29 earnings per share for the current year.

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

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.