StandardAero, Inc. (NYSE:SARO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

StandardAero, Inc. (NYSE:SARO) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $34.89.

Several research firms have recently weighed in on SARO. Morgan Stanley decreased their price objective on shares of 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 increased their price target on StandardAero from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th.

StandardAero Price Performance

Shares of NYSE:SARO opened at $23.14 on Friday. StandardAero has a 12-month low of $22.50 and a 12-month high of $34.38. The stock’s fifty day moving average is $27.30.

StandardAero (NYSE:SARO) 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 firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. Analysts expect that StandardAero will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following 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 represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On StandardAero

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

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.