StandardAero (NYSE:SARO) Rating Increased to Strong-Buy at Wells Fargo & Company

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

A number of other research firms have also recently commented on SARO. Weiss Ratings reiterated a “hold (c)” rating on shares of StandardAero in a research report on Monday, December 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $37.00 price target on shares of StandardAero in a research note on Thursday, January 29th. Zacks Research upgraded shares of StandardAero from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 27th. Susquehanna set a $38.00 price objective on shares of StandardAero in a research report on Thursday, January 15th. Finally, UBS Group raised their target price on shares of StandardAero from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.67.

StandardAero Trading Up 1.7%

Shares of StandardAero stock opened at $26.28 on Tuesday. StandardAero has a 1 year low of $21.31 and a 1 year high of $34.48. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.20 and a quick ratio of 1.57. The business has a 50 day moving average price of $29.37 and a 200 day moving average price of $28.39. The company has a market capitalization of $8.74 billion, a P/E ratio of 31.67 and a beta of 1.35.

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

StandardAero declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 10th that authorizes the company to buyback $450.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 200,000 shares of company stock valued at $6,044,000 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On StandardAero

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of StandardAero during the 4th quarter valued at $217,655,000. Price T Rowe Associates Inc. MD boosted its holdings in StandardAero by 33.8% in 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 acquiring an additional 3,540,167 shares during the last quarter. Victory Capital Management Inc. grew its position in StandardAero by 175.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,040,723 shares of the company’s stock valued at $144,568,000 after acquiring an additional 3,212,827 shares during the period. Bessemer Group Inc. increased its stake in StandardAero by 447,114.3% during the fourth quarter. Bessemer Group Inc. now owns 3,103,667 shares of the company’s stock worth $89,014,000 after acquiring an additional 3,102,973 shares during the last quarter. Finally, State Street Corp increased its stake in StandardAero by 90.7% during the second quarter. State Street Corp now owns 6,047,097 shares of the company’s stock worth $191,391,000 after acquiring an additional 2,875,579 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.