StandardAero, Inc.’s Quiet Period Will End on November 11th (NYSE:SARO)

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 involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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

SARO has been the subject of several research reports. Sanford C. Bernstein initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $39.00 price target for the company. Wolfe Research started coverage on shares of StandardAero in a report on Monday, October 28th. They set an “outperform” rating and a $34.00 target price for the company. Bank of America assumed coverage on shares of StandardAero in a research note on Monday, October 28th. They set a “neutral” rating and a $34.00 price target on the stock. Royal Bank of Canada assumed coverage on StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $37.00 price objective for the company. Finally, CIBC began coverage on StandardAero in a research report on Monday, October 28th. They set a “sector outperform” rating and a $38.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

StandardAero Stock Performance

Shares of StandardAero stock opened at $29.29 on Friday. StandardAero has a fifty-two week low of $28.18 and a fifty-two week high of $34.38.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the stock in a transaction dated 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 owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.