Principal Financial Group Inc. Purchases Shares of 424,161 StandardAero, Inc. $SARO

Principal Financial Group Inc. acquired a new position in shares of StandardAero, Inc. (NYSE:SARO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 424,161 shares of the company’s stock, valued at approximately $10,956,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SARO. Comerica Bank acquired a new stake in shares of StandardAero in the 1st quarter valued at $26,000. Danske Bank A S bought a new stake in shares of StandardAero in the 3rd quarter worth about $82,000. Parallel Advisors LLC increased its position in shares of StandardAero by 210.3% during the 4th quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after purchasing an additional 2,067 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of StandardAero during the 4th quarter worth about $105,000. Finally, US Bancorp DE increased its position in shares of StandardAero by 46.4% during the 3rd quarter. US Bancorp DE now owns 4,506 shares of the company’s stock worth $123,000 after purchasing an additional 1,428 shares in the last quarter.

StandardAero Stock Up 1.7%

NYSE SARO opened at $28.73 on Friday. The stock has a market capitalization of $9.55 billion, a P/E ratio of 32.65 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 company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 2.12. The stock has a fifty day moving average of $27.34 and a 200-day moving average of $28.15.

StandardAero (NYSE:SARO) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.49 billion. StandardAero had a return on equity of 12.36% and a net margin of 4.71%.The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 earnings per share. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. On average, equities research analysts forecast that StandardAero, Inc. will post 1.42 EPS for the current year.

Analysts Set New Price Targets

SARO has been the topic of a number of recent analyst reports. 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. BTIG Research initiated coverage on shares of StandardAero in a report on Thursday, April 2nd. They set a “buy” rating and a $35.00 price objective for the company. Jefferies Financial Group cut shares of StandardAero from a “buy” rating to a “hold” rating and cut their target price for the company from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Weiss Ratings raised StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, Zacks Research downgraded StandardAero from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Insiders Place Their Bets

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $30.44, for a total transaction 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 represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

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.