StandardAero (NYSE:SARO) Now Covered by BTIG Research

BTIG Research assumed coverage on shares of StandardAero (NYSE:SARO) in a research report issued on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $35.00 price target on the stock. BTIG Research’s price target indicates a potential upside of 33.17% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Wall Street Zen upgraded shares of StandardAero from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Wells Fargo & Company began coverage on StandardAero in a report on Wednesday. They set an “overweight” rating and a $32.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $37.00 price target on shares of StandardAero in a research report on Thursday, January 29th. UBS Group raised their price target on StandardAero from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $39.00 price target on shares of StandardAero in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.70.

StandardAero Price Performance

Shares of SARO opened at $26.28 on Thursday. 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 has a twelve month low of $21.31 and a twelve month high of $34.48. The stock has a market capitalization of $8.74 billion, a P/E ratio of 31.67 and a beta of 1.35. The company has a 50 day moving average of $29.37 and a 200-day moving average of $28.39.

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

StandardAero announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 10th that permits the company to repurchase $450.00 million in shares. This repurchase authorization permits the company to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other StandardAero 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 transaction of $1,203,600.00. Following the transaction, the chief executive officer owned 606,955 shares of the company’s stock, valued at $18,263,275.95. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 200,000 shares of company stock worth $6,044,000 over the last 90 days. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SARO. Vulcan Value Partners LLC acquired a new position in shares of StandardAero during the 4th quarter worth approximately $13,618,000. T. Rowe Price Investment Management Inc. lifted its holdings in 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 purchasing an additional 1,194,488 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in StandardAero during the fourth quarter worth $2,360,000. VARCOV Co. bought a new position in StandardAero during the fourth quarter worth $567,000. Finally, Wellington Management Group LLP increased its holdings in shares of StandardAero by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 10,867,767 shares of the company’s stock valued at $311,688,000 after purchasing an additional 522,203 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.