StandardAero (NYSE:SARO) CEO Sells $623,821.28 in Stock

StandardAero, Inc. (NYSE:SARO) CEO Russell Wayne Ford sold 20,413 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.56, for a total transaction of $623,821.28. Following the sale, the chief executive officer owned 295,573 shares in the company, valued at $9,032,710.88. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, August 10th, Russell Wayne Ford sold 41 shares of StandardAero stock. The shares were sold at an average price of $30.00, for a total transaction of $1,230.00.
• On Thursday, August 6th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $31.42, for a total transaction of $1,256,800.00.
• On Tuesday, August 4th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.24, for a total transaction of $1,209,600.00.
• On Monday, August 3rd, Russell Wayne Ford sold 10,969 shares of StandardAero stock. The stock was sold at an average price of $30.04, for a total transaction of $329,508.76.
• On Monday, July 6th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $30.44, for a total transaction of $1,217,600.00.
• On Wednesday, July 1st, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $30.23, for a total transaction of $1,209,200.00.

StandardAero Stock Down 2.5%

NYSE SARO opened at $27.49 on Thursday. The business has a fifty day moving average price of $28.06 and a two-hundred day moving average price of $27.91. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.13 and a quick ratio of 1.59. StandardAero, Inc. has a fifty-two week low of $23.83 and a fifty-two week high of $34.48. The stock has a market capitalization of $9.10 billion, a PE ratio of 28.34 and a beta of 0.92.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group upped their price objective on StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Morgan Stanley set a $33.00 target price on StandardAero in a research note on Monday. JPMorgan Chase & Co. increased their target price on shares of StandardAero from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday. Susquehanna reduced their price target on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research note on Monday, May 11th. Finally, Jefferies Financial Group lowered shares of StandardAero from a “buy” rating to a “hold” rating and decreased their price target for the company from $34.00 to $30.00 in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.77.

Institutional Investors Weigh In On StandardAero

A number of hedge funds and other institutional investors have recently bought and sold shares of SARO. Carlyle Group Inc. bought a new position in StandardAero in the second quarter valued at about $2,529,998,000. BlackRock Inc. bought a new stake in shares of StandardAero during the second quarter worth about $646,128,000. Norges Bank acquired a new position in shares of StandardAero in the fourth quarter valued at approximately $217,655,000. Findlay Park Partners LLP acquired a new position in shares of StandardAero in the second quarter valued at approximately $150,523,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of StandardAero by 42.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock valued at $395,890,000 after buying an additional 4,523,693 shares during the period.

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.