Jefferies Financial Group Begins Coverage on StandardAero (NYSE:SARO)

Jefferies Financial Group started coverage on shares of StandardAero (NYSE:SARO) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $38.00 price target on the stock.

Several other research analysts also recently issued reports on SARO. Bank of America began coverage on shares of StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 price target on the stock. Wolfe Research started coverage on StandardAero in a research report on Monday. They issued an “outperform” rating and a $34.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

StandardAero Stock Performance

Shares of SARO stock opened at $28.85 on Monday. StandardAero has a 12-month low of $28.41 and a 12-month high of $34.38.

Insiders Place Their Bets

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 47,447,058 shares of the company’s stock, valued at approximately $1,078,946,098.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.