Public Employees Retirement System of Ohio Purchases Shares of 65,729 StandardAero, Inc. $SARO

Public Employees Retirement System of Ohio purchased a new position in shares of StandardAero, Inc. (NYSE:SARO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 65,729 shares of the company’s stock, valued at approximately $1,966,000.

A number of other hedge funds have also recently made changes to their positions in SARO. Comerica Bank bought a new position in shares of StandardAero during the 1st quarter valued at $26,000. Optiver Holding B.V. bought a new stake in StandardAero in the first quarter worth $51,000. Northwestern Mutual Wealth Management Co. purchased a new stake in StandardAero during the second quarter valued at about $55,000. Danske Bank A S purchased a new stake in StandardAero during the third quarter valued at about $82,000. Finally, Parallel Advisors LLC grew its stake in shares of StandardAero by 210.3% during the fourth quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock valued at $87,000 after buying an additional 2,067 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SARO shares. Susquehanna decreased their price objective on StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a report on Monday, May 11th. Morgan Stanley set a $33.00 price target on StandardAero in a research report on Monday, August 10th. UBS Group lifted their price target on StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Wall Street Zen downgraded StandardAero from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, JPMorgan Chase & Co. increased their price objective on StandardAero from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, StandardAero presently has an average rating of “Moderate Buy” and an average target price of $34.77.

Insiders Place Their Bets

In other news, CEO Russell Ford sold 20,413 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.56, for a total transaction of $623,821.28. Following the transaction, the chief executive officer directly owned 295,573 shares of the company’s stock, valued at approximately $9,032,710.88. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 191,423 shares of company stock valued at $5,847,760. Company insiders own 2.10% of the company’s stock.

StandardAero Stock Performance

Shares of NYSE:SARO opened at $24.86 on Monday. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 25.63 and a beta of 0.85. The company has a 50-day moving average price of $27.66 and a 200-day moving average price of $27.26. The company has a current ratio of 2.13, a quick ratio of 1.59 and a debt-to-equity ratio of 0.84. StandardAero, Inc. has a 12 month low of $23.83 and a 12 month high of $34.48.

StandardAero (NYSE:SARO) last posted its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.08. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the firm earned $0.20 earnings per share. StandardAero’s quarterly revenue was up 4.6% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, equities analysts anticipate that StandardAero, Inc. will post 1.51 EPS 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.