StandardAero (NYSE:SARO) Given New $35.00 Price Target at UBS Group

StandardAero (NYSE:SARO) had its target price increased by analysts at UBS Group from $34.00 to $35.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 8.14% from the company’s current price.

Several other research firms have also recently issued reports on SARO. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 price objective on shares of StandardAero in a research report on Thursday, January 29th. Bank of America cut their target price on shares of StandardAero from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, November 14th. Zacks Research lowered shares of StandardAero from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Susquehanna set a $38.00 price objective on shares of StandardAero in a research note on Thursday, January 15th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $39.00 price objective on shares of StandardAero in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.67.

StandardAero Stock Performance

NYSE:SARO traded up $1.54 during mid-day trading on Thursday, hitting $32.37. 4,014,053 shares of the company traded hands, compared to its average volume of 4,361,953. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average price is $30.75 and its 200-day moving average price is $28.30. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of 59.00 and a beta of 1.04. StandardAero has a one year low of $21.31 and a one year high of $34.48.

StandardAero (NYSE:SARO) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. StandardAero had a return on equity of 9.63% and a net margin of 3.15%.The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the company posted ($0.04) EPS. The firm’s revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. Research analysts anticipate that StandardAero will post 0.29 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In related news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $30.12, for a total value of $1,204,800.00. Following the sale, the chief executive officer directly owned 726,955 shares in the company, valued at approximately $21,895,884.60. The trade was a 5.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 160,000 shares of company stock valued at $4,840,400. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On StandardAero

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in StandardAero by 33.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company’s stock valued at $401,525,000 after purchasing an additional 3,540,167 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in StandardAero by 11.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,984,551 shares of the company’s stock worth $343,717,000 after acquiring an additional 1,194,488 shares in the last quarter. Janus Henderson Group PLC lifted its position in StandardAero by 11.0% in the fourth 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 during the last quarter. Vanguard Group Inc. boosted its stake in StandardAero by 0.9% in the third quarter. Vanguard Group Inc. now owns 11,210,370 shares of the company’s stock valued at $305,931,000 after acquiring an additional 95,801 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of StandardAero by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 10,867,767 shares of the company’s stock worth $311,688,000 after purchasing an additional 522,203 shares in 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.