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

Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $35.11.

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target 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. Wall Street Zen raised StandardAero from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, UBS Group upped their price objective on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th.

StandardAero Stock Up 0.6%

SARO traded up $0.17 during trading hours on Friday, reaching $29.00. The company's stock had a trading volume of 2,359,798 shares, compared to its average volume of 2,277,162. StandardAero has a 52 week low of $21.31 and a 52 week high of $34.38. The company's 50-day moving average is $26.85 and its 200-day moving average is $26.78.

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

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 5,524,862 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $27.30, for a total transaction of $150,828,732.60. Following the sale, the insider now directly owns 35,292,362 shares of the company's stock, valued at approximately $963,481,482.60. This represents a 13.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Trading of StandardAero

Several large investors have recently modified their holdings of SARO. R Squared Ltd acquired a new stake in shares of StandardAero during the 4th quarter worth $39,000. Jennison Associates LLC acquired a new stake in shares of StandardAero during the 4th quarter worth $23,063,000. Renaissance Capital LLC acquired a new stake in shares of StandardAero during the 4th quarter worth $3,992,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of StandardAero during the 4th quarter worth $486,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of StandardAero during the 4th quarter worth $224,000.

StandardAero Company Profile

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.