StandardAero (NYSE:SARO) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of StandardAero (NYSE:SARO) from a buy rating to a hold rating in a report released on Sunday morning,Wall Street Zen reports.

SARO has been the subject of several other reports. Morgan Stanley set a $33.00 price objective on shares of StandardAero in a report on Monday, August 10th. Canadian Imperial Bank of Commerce cut their target price on shares of StandardAero from $38.00 to $35.00 and set an “outperformer” rating on the stock in a research note on Monday, October 26th. Guggenheim initiated coverage on shares of StandardAero in a research note on Monday, September 14th. They set a “neutral” rating on the stock. Jefferies Financial Group set a $25.00 price target on shares of StandardAero in a research report on Thursday, September 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of StandardAero from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.45.

StandardAero Price Performance

SARO opened at $25.27 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 2.13. The stock has a market capitalization of $8.36 billion, a PE ratio of 26.05 and a beta of 0.82. The stock’s 50 day moving average price is $22.63 and its 200-day moving average price is $26.63. StandardAero has a 52-week low of $19.56 and a 52-week high of $34.48.

StandardAero (NYSE:SARO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. StandardAero had a return on equity of 14.52% and a net margin of 5.12%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. On average, equities research analysts predict that StandardAero will post 1.50 EPS for the current year.

Insider Buying and Selling at StandardAero

In related news, CEO Russell Ford sold 20,413 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.56, for a total value of $623,821.28. Following the sale, the chief executive officer directly owned 295,573 shares of the company’s stock, valued at $9,032,710.88. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 61,234 shares of company stock worth $1,898,418 in the last 90 days. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On StandardAero

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of StandardAero by 19.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 437,138 shares of the company’s stock valued at $13,075,000 after purchasing an additional 72,089 shares during the last quarter. Carlyle Group Inc. bought a new stake in shares of StandardAero in the 2nd quarter worth approximately $2,529,998,000. Bank of America Corp DE bought a new stake in shares of StandardAero in the 2nd quarter worth approximately $178,878,000. Public Employees Retirement System of Ohio bought a new stake in shares of StandardAero in the 2nd quarter worth approximately $1,966,000. Finally, BlackRock Inc. purchased a new stake in shares of StandardAero in the 2nd quarter worth approximately $646,128,000.

About StandardAero

StandardAero is an aerospace maintenance, repair and overhaul (MRO) company that provides services for commercial and business aviation, military and government operators, and helicopter customers. The company supports aircraft throughout their operating life, helping customers maintain, repair, upgrade and return aircraft and components to service.

Its services include engine maintenance, repair and overhaul; airframe maintenance; avionics and electrical work; component and accessory repair; engineering; and aircraft modifications.