Teacher Retirement System of Texas Purchases 770,124 Shares of StandardAero, Inc. (NYSE:SARO)

Teacher Retirement System of Texas grew its stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 102.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,525,004 shares of the company's stock after acquiring an additional 770,124 shares during the quarter. Teacher Retirement System of Texas owned about 0.46% of StandardAero worth $40,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after acquiring an additional 825 shares in the last quarter. Bessemer Group Inc. bought a new stake in StandardAero in the 4th quarter worth about $28,000. KBC Group NV bought a new stake in StandardAero in the 1st quarter worth about $52,000. MetLife Investment Management LLC bought a new stake in StandardAero in the 4th quarter worth about $54,000. Finally, PNC Financial Services Group Inc. bought a new stake in StandardAero in the 4th quarter worth about $62,000.

StandardAero Stock Down 0.3%

SARO traded down $0.09 on Monday, hitting $30.79. 3,204,596 shares of the company's stock traded hands, compared to its average volume of 2,334,598. The company's 50 day simple moving average is $29.47 and its 200-day simple moving average is $27.27. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38. The company has a quick ratio of 1.37, a current ratio of 2.00 and a debt-to-equity ratio of 0.95.

StandardAero (NYSE:SARO - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. StandardAero's revenue was up 16.2% on a year-over-year basis. On average, equities analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Transactions at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of StandardAero stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $27.30, for a total value of $22,624,301.70. Following the sale, the insider owned 34,463,633 shares of the company's stock, valued at $940,857,180.90. The trade was a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SARO shares. Morgan Stanley dropped their target price 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. Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, UBS Group raised their target price on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $35.11.

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.