Public Employees Retirement System of Ohio Acquires 24,170 Shares of StandardAero, Inc. $SARO

Public Employees Retirement System of Ohio boosted its holdings in shares of StandardAero, Inc. (NYSE:SARO) by 56.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,809 shares of the company’s stock after buying an additional 24,170 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in StandardAero were worth $1,726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cerity Partners LLC lifted its position in shares of StandardAero by 0.6% in the second quarter. Cerity Partners LLC now owns 69,758 shares of the company’s stock valued at $2,208,000 after buying an additional 416 shares during the last quarter. Comerica Bank acquired a new position in shares of StandardAero during the 1st quarter worth approximately $26,000. US Bancorp DE raised its stake in StandardAero by 46.4% in the 3rd quarter. US Bancorp DE now owns 4,506 shares of the company’s stock valued at $123,000 after acquiring an additional 1,428 shares during the period. The Manufacturers Life Insurance Company raised its stake in StandardAero by 3.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 43,562 shares of the company’s stock valued at $1,249,000 after acquiring an additional 1,494 shares during the period. Finally, Federation des caisses Desjardins du Quebec raised its stake in StandardAero by 18.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 11,685 shares of the company’s stock valued at $335,000 after acquiring an additional 1,860 shares during the period.

Insider Buying and Selling at StandardAero

In other news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction on Monday, July 6th. The stock was sold at an average price of $30.44, for a total transaction of $1,217,600.00. Following the completion of the sale, the chief executive officer owned 486,955 shares of the company’s stock, valued at approximately $14,822,910.20. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research cut shares of StandardAero from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. UBS Group raised shares of StandardAero from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $35.00 to $34.00 in a research report on Monday, May 11th. Jefferies Financial Group cut shares of StandardAero from a “buy” rating to a “hold” rating and cut their target price for the stock from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, Morgan Stanley set a $31.00 target price on shares of StandardAero in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, StandardAero has an average rating of “Moderate Buy” and a consensus price target of $34.00.

StandardAero Price Performance

Shares of NYSE SARO opened at $29.36 on Monday. The firm has a market cap of $9.76 billion, a P/E ratio of 33.36 and a beta of 0.92. The business’s 50 day moving average is $27.67 and its 200-day moving average is $28.08. The company has a current ratio of 2.12, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81. StandardAero, Inc. has a 1-year low of $23.83 and a 1-year high of $34.48.

StandardAero (NYSE:SARO) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. StandardAero had a return on equity of 12.36% and a net margin of 4.71%.The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $0.19 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. Equities research analysts predict that StandardAero, Inc. will post 1.42 earnings per share for the current year.

StandardAero Profile

StandardAero is a global aerospace maintenance, repair and overhaul (MRO) provider specializing in gas turbine engines, auxiliary power units (APUs), airframe components and oil & gas rotating equipment. The company offers a full suite of technical services including engine repair and overhaul, component repair, accessory maintenance, parts manufacturing and on-site field support. Its customer base spans commercial airlines, business and general aviation operators, regional carriers, original equipment manufacturers (OEMs) and defense organizations.

With roots dating back to 1911, StandardAero has grown through strategic acquisitions and organic expansion to become one of the largest independent MRO providers in the industry.