StandardAero (SARO) to Release Quarterly Earnings on Wednesday

StandardAero (NYSE:SARO - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

StandardAero Stock Up 3.5 %

NYSE:SARO traded up $1.02 during trading hours on Wednesday, hitting $30.04. 1,032,470 shares of the stock were exchanged, compared to its average volume of 1,759,375. StandardAero has a twelve month low of $28.18 and a twelve month high of $34.38.

Analyst Ratings Changes

SARO has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on StandardAero in a research note on Monday, October 28th. They issued an "equal weight" rating and a $33.00 price target on the stock. UBS Group initiated coverage on StandardAero in a research note on Monday, October 28th. They issued a "neutral" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on StandardAero in a research note on Monday, October 28th. They issued an "overweight" rating and a $36.00 price target on the stock. Jefferies Financial Group initiated coverage on StandardAero in a research note on Monday, October 28th. They issued a "buy" rating and a $38.00 price target on the stock. Finally, Bank of America initiated coverage on StandardAero in a research note on Monday, October 28th. They issued a "neutral" rating and a $34.00 price target on the stock. Three research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.89.

Insider Activity at StandardAero

In related 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 sale, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.