State of Michigan Retirement System Invests $1.18 Million in StandardAero, Inc. $SARO

State of Michigan Retirement System bought a new position in shares of StandardAero, Inc. (NYSE:SARO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,600 shares of the company’s stock, valued at approximately $1,178,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in shares of StandardAero in the first quarter worth about $10,956,000. Verbena Value LP grew its stake in shares of StandardAero by 379.3% during the 1st quarter. Verbena Value LP now owns 889,600 shares of the company’s stock worth $22,978,000 after purchasing an additional 704,000 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in shares of StandardAero during the 1st quarter valued at approximately $1,550,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of StandardAero during the 1st quarter valued at approximately $1,227,000. Finally, Fifth Third Bancorp lifted its stake in shares of StandardAero by 19,400.4% in the 1st quarter. Fifth Third Bancorp now owns 44,656 shares of the company’s stock valued at $1,153,000 after purchasing an additional 44,427 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SARO shares. Truist Financial raised shares of StandardAero to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Jefferies Financial Group lowered shares of StandardAero from a “buy” rating to a “hold” rating and lowered their target price for the stock from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, Susquehanna cut their price target on StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Insider Transactions at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction dated 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 sale, the chief executive officer directly owned 486,955 shares in the company, valued at approximately $14,822,910.20. The trade was a 7.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

StandardAero Stock Performance

SARO opened at $26.69 on Monday. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 30.33 and a beta of 0.91. StandardAero, Inc. has a 52-week low of $23.83 and a 52-week high of $34.48. The firm’s fifty day simple moving average is $27.21 and its two-hundred day simple moving average is $28.19.

StandardAero (NYSE:SARO) last released its earnings results on Thursday, May 7th. The company reported $0.33 EPS for the quarter, topping 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 business 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 earned $0.19 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. Equities analysts anticipate that StandardAero, Inc. will post 1.42 earnings per share for the current fiscal year.

StandardAero Company 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.