StandardAero, Inc. (NYSE:SARO) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten brokerages that are currently covering the company, Marketbeat.com reports. Three equities research 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 twelve-month price objective among brokerages that have issued a report on the stock in the last year is $34.89.

SARO has been the subject of a number of recent analyst reports. Morgan Stanley reduced their price objective on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. UBS Group raised their price objective on shares of StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $27.16, for a total value of $180,066,291.44. Following the completion of the transaction, the insider now directly owns 40,817,224 shares of the company's stock, valued at approximately $1,108,595,803.84. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On StandardAero

A number of hedge funds and other institutional investors have recently bought and sold shares of SARO. Wellington Management Group LLP bought a new position in shares of StandardAero in the fourth quarter worth $183,924,000. Carlyle Group Inc. bought a new position in StandardAero in the 4th quarter worth about $165,294,000. T. Rowe Price Investment Management Inc. purchased a new position in StandardAero during the 4th quarter valued at about $161,324,000. Price T Rowe Associates Inc. MD bought a new stake in shares of StandardAero during the fourth quarter valued at about $155,829,000. Finally, Vanguard Group Inc. purchased a new stake in shares of StandardAero in the fourth quarter worth about $147,628,000.

StandardAero Price Performance

SARO traded down $0.93 during mid-day trading on Friday, reaching $24.35. 691,428 shares of the stock were exchanged, compared to its average volume of 2,207,677. The business has a 50 day moving average of $27.01. StandardAero has a 1 year low of $21.31 and a 1 year high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.20). The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities analysts anticipate that StandardAero will post 0.29 EPS for the current year.

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.