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

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 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wolfe Research started coverage on StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $34.00 target price for the company. Bank of America started coverage on StandardAero in a research report on Monday, October 28th. They issued a “neutral” rating and a $34.00 price target for the company. CIBC started coverage on StandardAero in a research report on Monday, October 28th. They issued a “sector outperform” rating and a $38.00 price target for the company. Morgan Stanley started coverage on StandardAero in a research report on Monday, October 28th. They issued an “equal weight” rating and a $33.00 price target for the company. Finally, Royal Bank of Canada started coverage on StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $37.00 price target for the company. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

StandardAero Price Performance

SARO stock opened at $28.50 on Monday. StandardAero has a twelve month low of $28.41 and a twelve month high of $34.38.

Insider Activity

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 shares were 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 directly owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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.