Wolfe Research Begins Coverage on StandardAero (NYSE:SARO)

Equities research analysts at Wolfe Research initiated coverage on shares of StandardAero (NYSE:SARO) in a research note issued on Monday, Briefing.com reports. The brokerage set an “outperform” rating and a $34.00 price target on the stock. Wolfe Research’s target price would indicate a potential upside of 12.40% from the company’s previous close.

Separately, Bank of America assumed coverage on StandardAero in a report on Monday. They set a “neutral” rating and a $34.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, StandardAero has an average rating of “Moderate Buy” and a consensus target price of $35.63.

StandardAero Trading Down 3.0 %

Shares of SARO stock opened at $30.25 on Monday. StandardAero has a fifty-two week low of $30.00 and a fifty-two week high of $34.38.

Insider Buying and Selling

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 47,447,058 shares of the company’s stock, valued at $1,078,946,098.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.