Teacher Retirement System of Texas Takes $18.69 Million Position in StandardAero, Inc. (NYSE:SARO)

Teacher Retirement System of Texas acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 754,880 shares of the company's stock, valued at approximately $18,691,000. Teacher Retirement System of Texas owned approximately 0.23% of StandardAero as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of StandardAero during the 4th quarter worth about $39,000. PNC Financial Services Group Inc. acquired a new position in shares of StandardAero during the 4th quarter worth approximately $62,000. Amalgamated Bank acquired a new position in shares of StandardAero during the 4th quarter worth approximately $98,000. Daiwa Securities Group Inc. bought a new position in shares of StandardAero in the fourth quarter valued at $107,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of StandardAero in the fourth quarter valued at $224,000.

Analyst Ratings Changes

SARO has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. UBS Group raised their target price on shares of StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Finally, Bank of America lowered their price target on StandardAero from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and an average target price of $34.89.

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StandardAero Trading Down 4.9 %

NYSE:SARO traded down $1.44 during mid-day trading on Wednesday, hitting $27.88. 19,158,285 shares of the stock were exchanged, compared to its average volume of 1,826,567. The stock's 50-day moving average price is $27.05. StandardAero, Inc. has a fifty-two week low of $22.50 and a fifty-two week high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.20). The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.37 billion. The firm's quarterly revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast 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.