StandardAero (NYSE:SARO) CEO Russell Wayne Ford Sells 20,413 Shares

StandardAero, Inc. (NYSE:SARO) CEO Russell Wayne Ford sold 20,413 shares of the firm’s 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 transaction, the chief executive officer directly owned 295,573 shares of the company’s stock, valued at $9,032,710.88. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 6th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were 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 shares were 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 stock was 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 stock was sold at an average price of $30.23, for a total transaction of $1,209,200.00.

StandardAero Price Performance

NYSE SARO traded down $0.90 during trading on Monday, reaching $28.29. 2,913,722 shares of the company traded hands, compared to its average volume of 4,150,627. StandardAero, Inc. has a 1-year low of $23.83 and a 1-year high of $34.48. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 29.17 and a beta of 0.92. The stock’s 50 day moving average price is $27.93 and its two-hundred day moving average price is $28.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 2.13.

StandardAero (NYSE:SARO) last issued its earnings results on Thursday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.49 billion. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.StandardAero’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. As a group, analysts anticipate that StandardAero, Inc. will post 1.43 EPS for the current year.

Institutional Trading of StandardAero

Several large investors have recently made changes to their positions in SARO. Comerica Bank bought a new position in shares of StandardAero in the first quarter valued at about $26,000. Optiver Holding B.V. bought a new stake in StandardAero during the 1st quarter worth about $51,000. Danske Bank A S acquired a new stake in StandardAero in the 3rd quarter valued at about $82,000. GAMMA Investing LLC increased its position in StandardAero by 54.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock valued at $90,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of StandardAero by 210.3% in the fourth quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after acquiring an additional 2,067 shares during the last quarter.

Analyst Upgrades and Downgrades

SARO has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Susquehanna dropped their target price on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research report on Monday, May 11th. Truist Financial raised shares of StandardAero to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, Jefferies Financial Group cut shares of StandardAero from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.77.

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.