StandardAero (NYSE:SARO) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of StandardAero (NYSE:SARO) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on SARO. UBS Group upgraded StandardAero from a “neutral” rating to a “buy” rating and reduced their price target for the company from $35.00 to $34.00 in a research note on Monday. Susquehanna reduced their price target on StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research note on Monday. Wells Fargo & Company initiated coverage on StandardAero in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price target for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a research note on Tuesday, February 24th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.64.

StandardAero Stock Performance

SARO opened at $26.73 on Tuesday. The business has a fifty day simple moving average of $26.48 and a 200 day simple moving average of $28.13. The company has a market capitalization of $8.89 billion, a PE ratio of 30.37 and a beta of 0.81. StandardAero has a 1 year low of $23.83 and a 1 year high of $34.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.57.

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

Insider Activity

In other news, insider Lewis Prebble sold 1,141 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction of $31,217.76. Following the completion of the sale, the insider directly owned 3,006 shares in the company, valued at approximately $82,244.16. This represents a 27.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Anthony Brancato sold 1,107 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total value of $30,287.52. Following the sale, the insider owned 2,991 shares of the company’s stock, valued at approximately $81,833.76. The trade was a 27.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 59,337 shares of company stock worth $1,732,660. 1.90% of the stock is owned by insiders.

Institutional Trading of StandardAero

Institutional investors have recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC lifted its position in shares of StandardAero by 45.5% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,428,485 shares of the company’s stock valued at $66,273,000 after acquiring an additional 759,694 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of StandardAero during the 3rd quarter valued at $1,241,000. Allspring Global Investments Holdings LLC lifted its position in shares of StandardAero by 16.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,557,823 shares of the company’s stock valued at $312,934,000 after acquiring an additional 1,484,755 shares during the period. Fortress Investment Group LLC lifted its position in shares of StandardAero by 35.1% during the 3rd quarter. Fortress Investment Group LLC now owns 945,400 shares of the company’s stock valued at $25,800,000 after acquiring an additional 245,400 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of StandardAero by 42.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 308,384 shares of the company’s stock worth $8,416,000 after buying an additional 92,514 shares during the last quarter.

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.