StandardAero (NYSE:SARO) Upgraded at Wall Street Zen

StandardAero (NYSE:SARO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other equities analysts also recently commented on the company. Morgan Stanley cut their target price 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. UBS Group raised their price objective on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.11.

StandardAero Stock Down 0.3%

SARO stock traded down $0.08 on Friday, hitting $28.60. 971,321 shares of the company's stock traded hands, compared to its average volume of 2,265,343. StandardAero has a 1-year low of $21.31 and a 1-year high of $34.38. The stock has a fifty day moving average of $26.85 and a 200-day moving average of $26.77.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $1.51 billion. The company's revenue was up 16.2% compared to the same quarter last year. Equities research analysts forecast that StandardAero will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at StandardAero

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

Institutional Investors Weigh In On StandardAero

Several institutional investors have recently modified their holdings of SARO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of StandardAero in the first quarter worth about $12,343,000. Woodline Partners LP raised its position in shares of StandardAero by 71.7% during the 1st quarter. Woodline Partners LP now owns 655,553 shares of the company's stock valued at $17,464,000 after buying an additional 273,697 shares in the last quarter. Yaupon Capital Management LP increased its position in shares of StandardAero by 308.6% during the 1st quarter. Yaupon Capital Management LP now owns 525,000 shares of the company's stock valued at $13,986,000 after purchasing an additional 396,518 shares during the last quarter. Zimmer Partners LP lifted its holdings in shares of StandardAero by 33.3% in the 1st quarter. Zimmer Partners LP now owns 200,000 shares of the company's stock worth $5,328,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of StandardAero during the first quarter valued at approximately $6,821,000.

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.