StandardAero, Inc.’s (NYSE:SARO) Quiet Period Set To Expire Tomorrow

StandardAero’s (NYSE:SARO) quiet period will end on Monday, November 11th. StandardAero had issued 60,000,000 shares in its initial 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 restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. initiated coverage on StandardAero in a research report on Monday, October 28th. They set an “overweight” rating and a $36.00 target price for the company. Cibc World Mkts raised shares of StandardAero to a “strong-buy” rating in a research note on Monday, October 28th. Morgan Stanley assumed coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “equal weight” rating and a $33.00 price objective for the company. UBS Group started coverage on shares of StandardAero in a research report on Monday, October 28th. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Sanford C. Bernstein began coverage on StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $39.00 price target for the company. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

StandardAero Trading Up 1.7 %

Shares of StandardAero stock opened at $29.76 on Friday. StandardAero has a 1 year low of $28.18 and a 1 year high of $34.38.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the transaction, the insider now directly owns 47,447,058 shares in the company, valued at $1,078,946,098.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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.