StandardAero, Inc. (NYSE:SARO) Given Consensus Rating of "Moderate Buy" by Brokerages

StandardAero, Inc. (NYSE:SARO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $34.89.

Several brokerages have recently weighed in on SARO. Morgan Stanley lowered their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. UBS Group upped their price target on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th.

Insider Buying and Selling at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total value of $180,066,291.44. Following the sale, the insider now directly owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On StandardAero

Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in shares of StandardAero during the fourth quarter worth about $183,924,000. Carlyle Group Inc. purchased a new position in StandardAero in the fourth quarter worth approximately $165,294,000. T. Rowe Price Investment Management Inc. acquired a new position in StandardAero during the 4th quarter worth approximately $161,324,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of StandardAero in the 4th quarter valued at approximately $155,829,000. Finally, Vanguard Group Inc. acquired a new stake in shares of StandardAero in the 4th quarter valued at $147,628,000.

StandardAero Trading Up 2.7 %

SARO traded up $0.74 during trading on Wednesday, reaching $27.85. The company's stock had a trading volume of 943,762 shares, compared to its average volume of 2,173,189. The firm has a fifty day simple moving average of $26.60 and a two-hundred day simple moving average of $26.99. StandardAero has a 1 year low of $21.31 and a 1 year high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.20). The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.37 billion. The company's quarterly revenue was up 21.8% on a year-over-year basis. Analysts expect that StandardAero will post 0.29 EPS for the current fiscal year.

About StandardAero

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.