Analysts Set StandardAero, Inc. (NYSE:SARO) PT at $34.67

Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, five have assigned 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 $34.67.

Several brokerages recently issued reports on SARO. 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. CIBC lowered their price target on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Finally, Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 828,729 shares of StandardAero stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the sale, the insider owned 34,463,633 shares of the company's stock, valued at $940,857,180.90. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On StandardAero

Hedge funds and other institutional investors have recently modified their holdings of the stock. Carlyle Group Inc. bought a new stake in shares of StandardAero in the 4th quarter worth about $165,294,000. JPMorgan Chase & Co. bought a new stake in shares of StandardAero during the 4th quarter valued at about $5,226,000. GAMMA Investing LLC grew its position in shares of StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after buying an additional 825 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of StandardAero during the 4th quarter valued at about $23,737,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of StandardAero by 83.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock valued at $443,000 after buying an additional 7,578 shares during the last quarter.

StandardAero Price Performance

Shares of SARO traded up $0.50 during mid-day trading on Monday, reaching $30.77. The company had a trading volume of 1,187,606 shares, compared to its average volume of 2,321,135. The firm has a fifty day simple moving average of $29.94 and a 200-day simple moving average of $27.52. StandardAero has a fifty-two week low of $21.31 and a fifty-two week high of $34.38. The company has a quick ratio of 1.37, a current ratio of 2.00 and a debt-to-equity ratio of 0.95.

StandardAero (NYSE:SARO - Get Free Report) last announced 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 company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. The company's revenue was up 16.2% on a year-over-year basis. Equities analysts expect that StandardAero will post 0.29 earnings per share for the current year.

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.