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

StandardAero’s (NYSE:SARO) quiet period is set to end 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 that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SARO shares. Royal Bank of Canada began coverage on StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $37.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an “overweight” rating and a $36.00 target price on the stock. Cibc World Mkts raised shares of StandardAero to a “strong-buy” rating in a research report on Monday, October 28th. UBS Group initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They set a “neutral” rating and a $34.00 price objective on the stock. Finally, 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 target price for the company. Three equities 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.89.

StandardAero Stock Down 2.5 %

NYSE:SARO opened at $29.29 on Friday. StandardAero has a 52 week low of $28.18 and a 52 week high of $34.38.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’s 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 of the company’s stock, valued at approximately $1,078,946,098.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.