StandardAero (NYSE:SARO) Coverage Initiated at Truist Financial

Equities research analysts at Truist Financial initiated coverage on shares of StandardAero (NYSE:SARO) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set a “buy” rating and a $35.00 price target on the stock. Truist Financial’s price target suggests a potential upside of 32.48% from the company’s previous close.

SARO has been the topic of several other reports. Barclays assumed coverage on shares of StandardAero in a research report on Friday, September 12th. They issued an “equal weight” rating and a $32.00 price target on the stock. Wall Street Zen lowered shares of StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday. CIBC decreased their target price on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a research report on Tuesday, July 8th. Weiss Ratings restated a “sell (d+)” rating on shares of StandardAero in a research report on Wednesday. Finally, Susquehanna began coverage on shares of StandardAero in a research report on Wednesday, September 17th. They set a “positive” rating and a $34.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, StandardAero currently has an average rating of “Moderate Buy” and an average target price of $34.42.

StandardAero Trading Down 1.4%

Shares of StandardAero stock opened at $26.42 on Friday. StandardAero has a 12-month low of $21.31 and a 12-month high of $33.00. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. The stock has a market cap of $8.84 billion and a PE ratio of 64.44. The company has a 50-day moving average of $27.13 and a two-hundred day moving average of $27.92.

StandardAero (NYSE:SARO) last issued its earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. On average, research analysts anticipate that StandardAero will post 0.29 EPS for the current fiscal year.

Insider Activity at StandardAero

In other StandardAero news, insider Alex Trapp sold 73,718 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $28.06, for a total value of $2,068,527.08. Following the completion of the transaction, the insider directly owned 16,908 shares of the company’s stock, valued at $474,438.48. This represents a 81.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 80,626 shares of company stock valued at $2,261,951. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On StandardAero

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Carlyle Group Inc. boosted its holdings in shares of StandardAero by 1,912.5% in the 1st quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company’s stock valued at $3,579,159,000 after buying an additional 127,676,968 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of StandardAero by 311.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,548,613 shares of the company’s stock valued at $261,759,000 after buying an additional 6,471,813 shares during the period. Norges Bank acquired a new position in shares of StandardAero in the 2nd quarter valued at about $203,038,000. Vanguard Group Inc. boosted its holdings in shares of StandardAero by 53.2% in the 1st quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company’s stock valued at $243,324,000 after buying an additional 3,171,404 shares during the period. Finally, State Street Corp boosted its holdings in shares of StandardAero by 90.7% in the 2nd quarter. State Street Corp now owns 6,047,097 shares of the company’s stock valued at $191,391,000 after buying an additional 2,875,579 shares during the period.

About StandardAero

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.