California State Teachers Retirement System Purchases 93,976 Shares of StandardAero, Inc. $SARO

California State Teachers Retirement System increased its position in shares of StandardAero, Inc. (NYSE:SARO) by 67.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,942 shares of the company’s stock after purchasing an additional 93,976 shares during the quarter. California State Teachers Retirement System’s holdings in StandardAero were worth $6,017,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC acquired a new stake in shares of StandardAero during the fourth quarter worth approximately $13,618,000. Massachusetts Financial Services Co. MA raised its stake in shares of StandardAero by 5.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,465,939 shares of the company’s stock valued at $99,403,000 after acquiring an additional 179,930 shares during the last quarter. Trinity Street Asset Management LLP acquired a new position in shares of StandardAero in the 1st quarter worth approximately $25,692,000. M.D. Sass LLC grew its position in StandardAero by 69.5% during the 4th quarter. M.D. Sass LLC now owns 1,991,537 shares of the company’s stock worth $57,117,000 after acquiring an additional 816,573 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new stake in StandardAero during the 4th quarter worth approximately $1,664,000.

StandardAero Price Performance

SARO opened at $30.87 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.59. The stock has a market capitalization of $10.26 billion, a P/E ratio of 35.08 and a beta of 0.92. The company’s 50 day simple moving average is $27.88 and its 200-day simple moving average is $28.04. StandardAero, Inc. has a one year low of $23.83 and a one year high of $34.48.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.33 earnings per share for the quarter, topping 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 firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company posted $0.19 EPS. StandardAero’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts anticipate that StandardAero, Inc. will post 1.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $30.44, for a total value of $1,217,600.00. Following the transaction, the chief executive officer directly owned 486,955 shares in the company, valued at approximately $14,822,910.20. This trade represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 130,969 shares of company stock valued at $3,965,909. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SARO has been the subject of a number of recent analyst reports. Morgan Stanley set a $31.00 price objective on StandardAero in a research report on Wednesday, July 15th. Zacks Research cut StandardAero from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Truist Financial upgraded StandardAero to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen cut StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Royal Bank Of Canada reduced their price target on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

About StandardAero

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.