Insider Selling: StandardAero (NYSE:SARO) CEO Sells $1,209,200.00 in Stock

StandardAero, Inc. (NYSE:SARO) CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $30.23, for a total transaction of $1,209,200.00. Following the transaction, the chief executive officer directly owned 566,955 shares in the company, valued at $17,139,049.65. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, July 6th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.44, for a total transaction of $1,217,600.00.
• On Thursday, April 16th, Russell Wayne Ford sold 10,638 shares of StandardAero stock. The stock was sold at an average price of $27.36, for a total transaction of $291,055.68.

StandardAero Trading Down 6.1%

Shares of NYSE:SARO opened at $28.20 on Thursday. The firm has a fifty day moving average of $26.91 and a two-hundred day moving average of $28.28. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81. StandardAero, Inc. has a 12-month low of $23.83 and a 12-month high of $34.48. The firm has a market capitalization of $9.37 billion, a P/E ratio of 32.04 and a beta of 0.91.

StandardAero (NYSE:SARO) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. StandardAero had a net margin of 4.71% and a return on equity of 12.36%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business posted $0.19 earnings per share. StandardAero’s revenue for the quarter was up 13.3% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. On average, equities analysts expect that StandardAero, Inc. will post 1.42 EPS for the current fiscal year.

Institutional Trading of StandardAero

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in StandardAero by 42.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock worth $395,890,000 after buying an additional 4,523,693 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 acquiring an additional 3,540,167 shares during the period. Janus Henderson Group PLC boosted its position in shares of StandardAero by 7.3% in the first quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company’s stock valued at $311,002,000 after acquiring an additional 816,276 shares during the period. T. Rowe Price Investment Management Inc. increased its position in StandardAero by 11.1% during the fourth 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 during the period. Finally, Wellington Management Group LLP increased its holdings in shares of 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 purchasing an additional 522,203 shares during the period.

Wall Street Analysts Forecast Growth

SARO has been the subject of a number of recent research reports. Morgan Stanley cut their price target on StandardAero from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Royal Bank Of Canada lowered their price target on StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Wall Street Zen downgraded StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Wells Fargo & Company started coverage on shares of StandardAero in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 target price for the company. Finally, Jefferies Financial Group cut shares of StandardAero from a “buy” rating to a “hold” rating and reduced their target price for the company from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.25.

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.