StandardAero, Inc. (NYSE:SARO) Sees Large Increase in Short Interest
by Teresa Graham · The Cerbat GemStandardAero, Inc. (NYSE:SARO – Get Free Report) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 10,601,255 shares, an increase of 23.2% from the January 29th total of 8,604,156 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily trading volume, of 3,715,120 shares, the short-interest ratio is currently 2.9 days. Based on an average daily trading volume, of 3,715,120 shares, the short-interest ratio is currently 2.9 days. Approximately 3.2% of the company’s stock are sold short.
Analyst Ratings Changes
Several analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of StandardAero in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of StandardAero in a research report on Monday, December 22nd. Zacks Research raised StandardAero from a “strong sell” rating to a “strong-buy” rating in a report on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $39.00 price objective on shares of StandardAero in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded shares of StandardAero from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.67.
View Our Latest Report on SARO
StandardAero Trading Down 3.5%
Shares of SARO stock traded down $1.07 on Tuesday, reaching $29.66. 5,204,443 shares of the company’s stock were exchanged, compared to its average volume of 4,707,118. The company’s fifty day simple moving average is $30.89 and its 200 day simple moving average is $28.36. StandardAero has a 52 week low of $21.31 and a 52 week high of $34.48. The company has a current ratio of 2.20, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $9.92 billion, a PE ratio of 35.74 and a beta of 1.04.
StandardAero (NYSE:SARO – Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. StandardAero had a return on equity of 10.88% and a net margin of 4.58%.The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. The business’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. As a group, analysts forecast that StandardAero will post 0.29 EPS for the current year.
StandardAero announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 10th that authorizes the company to buyback $450.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
Insider Buying and Selling
In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $30.12, for a total value of $1,204,800.00. Following the completion of the sale, the chief executive officer owned 726,955 shares of the company’s stock, valued at approximately $21,895,884.60. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 160,000 shares of company stock worth $4,840,400. Company insiders own 1.90% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in StandardAero during the 4th quarter worth about $217,655,000. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 purchasing an additional 3,540,167 shares during the period. Victory Capital Management Inc. raised its stake in shares of StandardAero by 175.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,040,723 shares of the company’s stock worth $144,568,000 after purchasing an additional 3,212,827 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of 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 purchasing an additional 3,102,973 shares during the period. Finally, State Street Corp boosted its position in StandardAero by 90.7% in the second quarter. State Street Corp now owns 6,047,097 shares of the company’s stock valued at $191,391,000 after buying an additional 2,875,579 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.