StandardAero, Inc. $SARO Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in StandardAero, Inc. by 511.8%, acquiring a total of 198,197 shares valued at approximately $6.27 million.
• StandardAero's stock was recently rated as a "Moderate Buy" by analysts, with an average target price of $34.36 and a mix of ratings from Strong Buy to Hold from various firms.
• Insider Alex Trapp sold 73,718 shares of StandardAero, reflecting a significant 81.34% decrease in his ownership, while insiders sold a total of 80,626 shares over the last ninety days.

Public Employees Retirement System of Ohio boosted its position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 511.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 198,197 shares of the company's stock after purchasing an additional 165,799 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of StandardAero worth $6,273,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Comerica Bank acquired a new position in shares of StandardAero in the first quarter worth $26,000. Corebridge Financial Inc. boosted its position in StandardAero by 46.8% during the first quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. GAMMA Investing LLC grew its stake in StandardAero by 272.3% in the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares in the last quarter. Parallel Advisors LLC increased its position in StandardAero by 798.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,383 shares of the company's stock worth $44,000 after purchasing an additional 1,229 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of StandardAero during the 1st quarter worth about $52,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. CIBC decreased their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research report on Tuesday, July 8th. Susquehanna started coverage on shares of StandardAero in a research note on Wednesday, September 17th. They issued a "positive" rating and a $34.00 price objective for the company. Wall Street Zen raised shares of StandardAero from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Barclays assumed coverage on StandardAero in a report on Friday, September 12th. They set an "equal weight" rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, StandardAero currently has an average rating of "Moderate Buy" and an average price target of $34.36.

Insider Buying and Selling

In other StandardAero news, insider Alex Trapp sold 73,718 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $28.06, for a total value of $2,068,527.08. Following the completion of the sale, the insider owned 16,908 shares in the company, valued at approximately $474,438.48. This trade represents a 81.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 80,626 shares of company stock valued at $2,261,951.

StandardAero Stock Up 2.0%

Shares of SARO stock opened at $26.75 on Monday. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The firm has a market cap of $8.95 billion and a PE ratio of 65.23. The stock has a 50 day moving average of $27.46 and a 200-day moving average of $28.04. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $0.02 EPS. The company's revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. On average, equities analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

StandardAero Profile

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.

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