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

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 StandardAero’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Several research firms recently commented on SARO. UBS Group boosted their price objective on shares of StandardAero from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley reduced their price target on 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 research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, StandardAero has a consensus rating of “Moderate Buy” and an average price target of $34.89.

StandardAero Price Performance

NYSE:SARO opened at $28.09 on Friday. StandardAero has a 12 month low of $22.50 and a 12 month high of $34.38. The business’s fifty day moving average is $27.21.

StandardAero (NYSE:SARO) last posted its quarterly 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 business 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. On average, equities analysts predict that StandardAero will post 0.29 EPS for the current year.

Hedge Funds Weigh In On StandardAero

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