Brokerages Set StandardAero, Inc. (NYSE:SARO) Price Target at $35.11

StandardAero, Inc. (NYSE:SARO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $35.11.

SARO has been the subject of a number of recent analyst reports. Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Morgan Stanley cut their price objective on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Finally, UBS Group raised their price objective on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th.

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 12,983,425 shares of company stock worth $353,519,326. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On StandardAero

A number of large investors have recently made changes to their positions in the company. Carlyle Group Inc. increased its stake in shares of StandardAero by 1,912.5% during the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock worth $3,579,159,000 after purchasing an additional 127,676,968 shares during the period. Vanguard Group Inc. increased its stake in StandardAero by 53.2% during the 1st quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company's stock worth $243,324,000 after acquiring an additional 3,171,404 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in StandardAero by 29.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company's stock worth $224,261,000 after acquiring an additional 1,902,687 shares during the period. Wellington Management Group LLP increased its stake in StandardAero by 9.1% during the 1st quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company's stock worth $215,965,000 after acquiring an additional 678,520 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new position in StandardAero during the 4th quarter worth $155,829,000.

StandardAero Stock Performance

NYSE SARO traded down $0.49 during trading hours on Thursday, hitting $29.25. 5,803,970 shares of the company traded hands, compared to its average volume of 2,282,578. The business's 50-day moving average is $28.32 and its 200-day moving average is $26.94. StandardAero has a twelve month low of $21.31 and a twelve month high of $34.38. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 2.00.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. StandardAero's revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts forecast that StandardAero will post 0.29 EPS for the current 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.