StandardAero (NYSE:SARO) Now Covered by Wolfe Research

Stock analysts at Wolfe Research assumed coverage on shares of StandardAero (NYSE:SARO) in a research report issued on Monday, Marketbeat.com reports. The firm set an “outperform” rating and a $34.00 price target on the stock. Wolfe Research’s target price suggests a potential upside of 16.44% from the stock’s previous close.

Separately, Bank of America started coverage on shares of StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, StandardAero currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

StandardAero Stock Down 1.7 %

NYSE:SARO opened at $29.20 on Monday. StandardAero has a 12 month low of $28.41 and a 12 month high of $34.38.

Insiders Place Their Bets

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

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.