Teachers Retirement System of The State of Kentucky Acquires New Shares in StandardAero, Inc. $SARO

Teachers Retirement System of The State of Kentucky acquired a new position in shares of StandardAero, Inc. (NYSE:SARO) during the first quarter, Holdings Channel.com reports. The fund acquired 60,000 shares of the company’s stock, valued at approximately $1,550,000.

Several other large investors have also added to or reduced their stakes in SARO. Cerity Partners LLC increased its position in shares of StandardAero by 0.6% during 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 period. Comerica Bank bought a new position in shares of StandardAero in the first quarter valued at approximately $26,000. US Bancorp DE boosted its position in shares of StandardAero by 46.4% in the third 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 grew its stake in StandardAero by 3.6% during the fourth 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 in the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in StandardAero during the fourth quarter valued at approximately $45,000.

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 shares were 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 directly owned 486,955 shares of the company’s stock, valued at approximately $14,822,910.20. The trade was a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

StandardAero Stock Up 0.9%

SARO stock opened at $27.59 on Thursday. The company’s 50 day moving average is $27.17 and its 200 day moving average is $28.22. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 31.36 and a beta of 0.91. 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 announced its 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 net margin of 4.71% and a return on equity of 12.36%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business posted $0.19 earnings per share. StandardAero’s revenue for the quarter was up 13.3% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. Sell-side analysts predict that StandardAero, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on SARO. Susquehanna lowered their target price on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research note on Monday, May 11th. Royal Bank Of Canada reduced their price target on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. UBS Group raised shares of StandardAero from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $35.00 to $34.00 in a report on Monday, May 11th. Wells Fargo & Company initiated coverage on StandardAero in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price objective on the stock. Finally, Zacks Research lowered StandardAero from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

StandardAero Company 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.