StandardAero, Inc.'s Quiet Period Will Expire on November 11th (NYSE:SARO)

StandardAero's (NYSE:SARO - Get Free Report) quiet period is set to end on Monday, November 11th. StandardAero had issued 60,000,000 shares in its public offering on October 2nd. The total size of the offering was $1,440,000,000 based on an initial share price of $24.00. During StandardAero's quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SARO. Sanford C. Bernstein began coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an "outperform" rating and a $39.00 price objective for the company. CIBC began coverage on shares of StandardAero in a research report on Monday, October 28th. They issued a "sector outperform" rating and a $38.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an "overweight" rating and a $36.00 price objective for the company. UBS Group began coverage on shares of StandardAero in a research report on Monday, October 28th. They issued a "neutral" rating and a $34.00 price objective for the company. Finally, Cibc World Mkts raised shares of StandardAero to a "strong-buy" rating in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.89.

StandardAero Stock Performance

Shares of SARO stock traded up $0.11 on Monday, hitting $28.61. The stock had a trading volume of 1,182,052 shares, compared to its average volume of 1,730,068. StandardAero has a 52-week low of $28.25 and a 52-week high of $34.38.

Insider Activity

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $22.74, for a total value of $65,958,552.48. Following the completion of the transaction, the insider now directly owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.