StandardAero (NYSE:SARO) Shares Up 3.8% – What’s Next?

StandardAero, Inc. (NYSE:SARO)’s share price rose 3.8% on Tuesday . The company traded as high as $29.85 and last traded at $29.84. Approximately 758,173 shares traded hands during trading, a decline of 48% from the average daily volume of 1,464,068 shares. The stock had previously closed at $28.74.

Analyst Ratings Changes

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

StandardAero Stock Performance

The company’s 50 day simple moving average is $27.13.

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

Institutional Trading of StandardAero

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

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.