StandardAero, Inc.'s (NYSE:SARO) Lock-Up Period Will Expire on March 31st

StandardAero's (NYSE:SARO - Get Free Report) lock-up period is set to end on Monday, March 31st. StandardAero had issued 60,000,000 shares in its IPO on October 2nd. The total size of the offering was $1,440,000,000 based on an initial share price of $24.00. After the expiration of the company's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America dropped their target price on StandardAero from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. Morgan Stanley dropped their price objective on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Finally, UBS Group upped their target price on shares of StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, StandardAero currently has an average rating of "Moderate Buy" and an average price target of $34.89.

StandardAero Stock Performance

Shares of SARO traded up $0.35 during midday trading on Thursday, hitting $28.09. The company had a trading volume of 8,731,400 shares, compared to its average volume of 1,927,407. The firm has a 50 day moving average price of $27.13. StandardAero has a 52 week low of $22.50 and a 52 week high of $34.38.

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StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.20). The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.37 billion. StandardAero's revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, sell-side analysts expect that StandardAero will post 0.29 earnings per share for the current fiscal year.

Institutional Trading of StandardAero

Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. bought a new stake in shares of StandardAero during the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in StandardAero in the 4th quarter valued at about $39,000. MetLife Investment Management LLC acquired a new position in shares of StandardAero during the fourth quarter worth approximately $54,000. PNC Financial Services Group Inc. bought a new position in StandardAero in the 4th quarter worth approximately $62,000. Finally, Sterling Capital Management LLC acquired a new stake in StandardAero in the 4th quarter valued at approximately $78,000.

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.