New York State Teachers Retirement System Acquires New Holdings in StandardAero, Inc. $SARO

New York State Teachers Retirement System bought a new stake in shares of StandardAero, Inc. (NYSE:SARO) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 38,875 shares of the company’s stock, valued at approximately $1,004,000.

Other large investors have also modified their holdings of the company. Cerity Partners LLC grew 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 purchasing an additional 416 shares during the last quarter. Comerica Bank purchased a new stake in StandardAero in the 1st quarter valued at approximately $26,000. US Bancorp DE grew its holdings in StandardAero by 46.4% during the 3rd quarter. US Bancorp DE now owns 4,506 shares of the company’s stock valued at $123,000 after buying an additional 1,428 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in StandardAero by 3.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 43,562 shares of the company’s stock worth $1,249,000 after buying an additional 1,494 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in StandardAero during the fourth quarter worth $45,000.

Insider Transactions at StandardAero

In other StandardAero news, COO Kimberly Ernzen sold 2,516 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total transaction of $68,837.76. Following the transaction, the chief operating officer owned 6,632 shares of the company’s stock, valued at $181,451.52. This trade represents a 27.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 transaction, the chief executive officer owned 486,955 shares in the company, valued at approximately $14,822,910.20. This trade represents a 7.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 99,337 shares of company stock valued at $2,955,860 in the last quarter. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. 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. Zacks Research lowered shares of StandardAero from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Royal Bank Of Canada lowered their price target on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Weiss Ratings raised shares of StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.25.

StandardAero Stock Performance

NYSE SARO opened at $27.93 on Monday. The business’s 50-day moving average price is $27.05 and its 200 day moving average price is $28.26. 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 twelve month low of $23.83 and a twelve month high of $34.48. The company has a market capitalization of $9.29 billion, a PE ratio of 31.74 and a beta of 0.91.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. StandardAero had a net margin of 4.71% and a return on equity of 12.36%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. On average, 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.