StandardAero (NYSE:SARO) Upgraded at Wells Fargo & Company

StandardAero (NYSE:SARO) was upgraded by stock analysts at Wells Fargo & Company to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

SARO has been the topic of a number of other research reports. Wall Street Zen upgraded StandardAero from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Zacks Research upgraded StandardAero from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 27th. UBS Group boosted their price target on StandardAero from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of StandardAero in a research report on Tuesday, February 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 price objective on shares of StandardAero in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.67.

StandardAero Price Performance

SARO opened at $26.28 on Tuesday. StandardAero has a 52-week low of $21.31 and a 52-week high of $34.48. The company has a 50 day moving average of $29.37 and a two-hundred day moving average of $28.39. The company has a market cap of $8.74 billion, a P/E ratio of 31.67 and a beta of 1.35. The company has a quick ratio of 1.57, a current ratio of 2.20 and a debt-to-equity ratio of 0.82.

StandardAero (NYSE:SARO) last posted its earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business posted ($0.04) EPS. The business’s quarterly revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. On average, analysts expect that StandardAero will post 0.29 earnings per share for the current year.

StandardAero declared that its board has approved a share repurchase program on Wednesday, December 10th that permits the company to buyback $450.00 million in outstanding shares. This buyback authorization permits the company to buy up to 5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at StandardAero

In other news, CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $30.09, for a total value of $1,203,600.00. Following the completion of the sale, the chief executive officer directly owned 606,955 shares in the company, valued at approximately $18,263,275.95. The trade was a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 200,000 shares of company stock valued at $6,044,000. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On StandardAero

A number of hedge funds have recently added to or reduced their stakes in SARO. Price T Rowe Associates Inc. MD increased its stake in StandardAero by 33.8% during 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 during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of 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 valued at $343,717,000 after buying an additional 1,194,488 shares during the last quarter. Janus Henderson Group PLC raised its stake in StandardAero by 11.0% during the fourth quarter. Janus Henderson Group PLC now owns 11,224,061 shares of the company’s stock worth $321,906,000 after acquiring an additional 1,108,066 shares during the period. Vanguard Group Inc. lifted its holdings in StandardAero by 0.9% in the third quarter. Vanguard Group Inc. now owns 11,210,370 shares of the company’s stock worth $305,931,000 after acquiring an additional 95,801 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in StandardAero by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 10,867,767 shares of the company’s stock worth $311,688,000 after acquiring an additional 522,203 shares during 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.