84,565 Shares of CAE Inc $CAE Purchased by Burkett Asset Management Ltd

Key Points

• Burkett Asset Management purchased 84,565 shares of CAE, valued at approximately $2.04 million, making the aerospace company 1.9% of its portfolio. Institutional investors collectively own 67.36% of CAE.
• Analyst sentiment is mixed: six analysts rate CAE a Buy, four rate it Hold and one rates it Sell. The overall consensus is Hold, with an average price target of $33.33.
• CAE exceeded quarterly expectations, reporting $0.19 in earnings per share versus a $0.17 estimate and $826.42 million in revenue. Revenue increased 6.8% year over year, while the stock opened at $23.72 and has traded between $22.76 and $34.24 over the past year.

Burkett Asset Management Ltd purchased a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 84,565 shares of the aerospace company's stock, valued at approximately $2,040,000. CAE comprises approximately 1.9% of Burkett Asset Management Ltd's holdings, making the stock its 16th biggest position.

Several other large investors have also made changes to their positions in the company. Caisse de depot et placement du Quebec bought a new position in CAE during the second quarter valued at approximately $773,834,000. Jupiter Topco LLC bought a new stake in CAE in the second quarter worth approximately $162,919,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of CAE during the 2nd quarter worth $65,215,000. Dimensional Fund Advisors LP increased its stake in shares of CAE by 18.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,198,926 shares of the aerospace company's stock worth $57,273,000 after purchasing an additional 343,759 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of CAE during the 2nd quarter valued at $52,968,000. Institutional investors own 67.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CAE. Jefferies Financial Group reaffirmed a "hold" rating on shares of CAE in a research note on Thursday, August 13th. Barclays began coverage on shares of CAE in a research report on Friday. They set an "overweight" rating and a $38.00 target price on the stock. Wall Street Zen lowered CAE from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Weiss Ratings downgraded CAE from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley lowered CAE from an "equal weight" rating to an "underweight" rating in a report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $33.33.

CAE Price Performance

NYSE CAE opened at $23.72 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $24.81 and a 200 day simple moving average of $25.41. The company has a market cap of $7.58 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.85 and a beta of 1.06. CAE Inc has a 1 year low of $22.76 and a 1 year high of $34.24.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $826.42 million for the quarter, compared to the consensus estimate of $796.86 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, sell-side analysts predict that CAE Inc will post 0.87 EPS for the current year.

About CAE

CAE Inc is a Canadian technology and training company headquartered in Montreal, Quebec. Founded in 1947, the company develops simulation, training and operational-support solutions for aviation, defense and other safety-critical industries.

In civil aviation, CAE provides flight simulators, pilot and crew training, aviation software and related services to airlines, business aviation operators, aircraft manufacturers and other aviation organizations. Its offerings are designed to support pilot training, aircraft qualification, operational readiness and workforce development.

CAE also provides simulation-based training and mission-support solutions for defense and security customers, including military organizations and government agencies.

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