StandardAero, Inc. (NYSE:SARO) Receives $34.67 Average Price Target from Analysts

StandardAero, Inc. (NYSE:SARO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $34.67.

A number of analysts have weighed in on the company. Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. CIBC cut their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research note on Tuesday, July 8th. Finally, UBS Group increased their price target on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th.

StandardAero Stock Performance

Shares of NYSE:SARO traded up $0.73 during midday trading on Monday, hitting $30.57. The stock had a trading volume of 1,316,265 shares, compared to its average volume of 2,474,288. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.00 and a quick ratio of 1.37. StandardAero has a fifty-two week low of $21.31 and a fifty-two week high of $34.38. The company's 50-day moving average price is $29.70 and its 200-day moving average price is $27.41.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.51 billion. StandardAero's revenue for the quarter was up 16.2% on a year-over-year basis. Research analysts predict that StandardAero will post 0.29 EPS for the current year.

Insider Activity

In other news, major shareholder Private Ltd Gic sold 5,524,862 shares of StandardAero 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 directly owned 35,292,362 shares in the company, valued at $963,481,482.60. The trade was a 13.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Carlyle Group Inc. raised its position in shares of StandardAero by 1,912.5% during the 1st 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 last quarter. Wellington Management Group LLP acquired a new position in StandardAero during the fourth quarter worth $183,924,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of StandardAero during the 4th quarter worth approximately $161,324,000. Price T Rowe Associates Inc. MD purchased a new stake in StandardAero in the fourth quarter valued at approximately $155,829,000. Finally, Vanguard Group Inc. acquired a new stake in shares of StandardAero in the fourth quarter valued at about $147,628,000.

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.