StandardAero, Inc.’s (NYSE:SARO) Lock-Up Period To Expire on March 31st

StandardAero’s (NYSE:SARO) lock-up period is set to expire on Monday, March 31st. 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. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

SARO has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of StandardAero from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Bank of America dropped their price target on StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Finally, UBS Group raised their price objective on StandardAero from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.89.

StandardAero Stock Performance

NYSE SARO opened at $29.30 on Wednesday. The business’s 50 day moving average price is $27.05. StandardAero has a twelve month low of $22.50 and a twelve month high of $34.38.

StandardAero (NYSE:SARO) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.20). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The company’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities analysts expect that StandardAero will post 0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. purchased a new stake in StandardAero in the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new position in shares of StandardAero in the fourth quarter worth $39,000. MetLife Investment Management LLC purchased a new stake in shares of StandardAero during the fourth quarter worth $54,000. PNC Financial Services Group Inc. acquired a new stake in StandardAero during the fourth quarter valued at $62,000. Finally, Sterling Capital Management LLC purchased a new position in StandardAero in the fourth quarter valued at about $78,000.

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.