StandardAero, Inc. (NYSE:SARO) Receives $35.11 Consensus PT from Analysts

Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) have been given an average rating of "Moderate Buy" by the ten ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $35.11.

A number of equities research analysts recently weighed in on SARO shares. UBS Group lifted their price objective on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Morgan Stanley dropped their target price on StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Finally, Wall Street Zen raised shares of StandardAero from a "hold" rating to a "buy" rating in a report on Saturday.

StandardAero Stock Up 1.8%

Shares of SARO stock traded up $0.51 on Friday, hitting $28.67. 3,857,397 shares of the stock traded hands, compared to its average volume of 2,273,016. StandardAero has a 52 week low of $21.31 and a 52 week high of $34.38. The firm has a 50 day simple moving average of $26.85 and a two-hundred day simple moving average of $26.76.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.51 billion. The company's revenue was up 16.2% on a year-over-year basis. Sell-side analysts expect that StandardAero will post 0.29 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 5,524,862 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $27.30, for a total transaction of $150,828,732.60. Following the completion of the transaction, the insider now owns 35,292,362 shares in the company, valued at $963,481,482.60. This represents a 13.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company's stock.

Institutional Trading of StandardAero

Large investors have recently made changes to their positions in the company. Carlyle Group Inc. purchased a new position in StandardAero in the 4th quarter worth approximately $165,294,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of StandardAero in the 4th quarter valued at approximately $486,000. Renaissance Capital LLC purchased a new stake in StandardAero in the fourth quarter valued at approximately $3,992,000. Jennison Associates LLC acquired a new position in StandardAero during the 4th quarter worth about $23,063,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of StandardAero in the fourth quarter valued at approximately $5,226,000.

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.