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

StandardAero’s (NYSE:SARO) quiet period will expire on Monday, November 11th. 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. During StandardAero’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any 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.

Wall Street Analyst Weigh In

Several analysts have weighed in on SARO shares. Cibc World Mkts upgraded StandardAero to a “strong-buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. initiated coverage on shares of StandardAero in a report on Monday, October 28th. They issued an “overweight” rating and a $36.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of StandardAero in a research report on Monday, October 28th. They set a “buy” rating and a $38.00 price target for the company. Wolfe Research initiated coverage on shares of StandardAero in a report on Monday, October 28th. They issued an “outperform” rating and a $34.00 price objective on the stock. Finally, CIBC started coverage on shares of StandardAero in a report on Monday, October 28th. They set a “sector outperform” rating and a $38.00 target price for the company. 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

StandardAero Trading Up 1.7 %

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

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of StandardAero stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total value of $65,958,552.48. Following the completion of the transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.