Alberta Investment Management Corp Takes Position in CAE Inc $CAE

Key Points

• Alberta Investment Management Corp. acquired 86,304 CAE shares during the second quarter, valued at approximately $2.16 million. Institutional investors collectively own 67.36% of the company.
• Analyst sentiment is mixed, with five Buy, four Hold and one Sell rating; the consensus rating is Hold with a $31.00 price target. Royal Bank of Canada recently cut its target from $42 to $36.
• CAE shares opened at $27.14 after recently rising 3.7%. The company beat quarterly estimates with adjusted earnings of $0.19 per share and revenue of $826.4 million, up 6.8% year over year.

Alberta Investment Management Corp bought a new position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 86,304 shares of the aerospace company's stock, valued at approximately $2,159,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC increased its holdings in shares of CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 799 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of CAE in the 4th quarter worth about $41,000. CIBC Private Wealth Group LLC acquired a new position in shares of CAE in the 3rd quarter valued at about $42,000. Brown Brothers Harriman & Co. acquired a new position in shares of CAE in the 4th quarter valued at about $47,000. Finally, Parallel Advisors LLC grew its position in shares of CAE by 46.6% during the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company's stock valued at $65,000 after buying an additional 797 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CAE. Wall Street Zen downgraded CAE from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Zacks Research upgraded CAE from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 13th. Jefferies Financial Group reissued a "hold" rating on shares of CAE in a report on Thursday. National Bank Financial restated an "outperform" rating on shares of CAE in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada lowered their price objective on CAE from $42.00 to $36.00 and set a "sector perform" rating for the company in a research note on Tuesday, May 26th. Five 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $31.00.

CAE Trading Up 3.7%

Shares of CAE stock opened at $27.14 on Tuesday. CAE Inc has a fifty-two week low of $22.76 and a fifty-two week high of $34.24. The stock has a market capitalization of $8.72 billion, a P/E ratio of 38.23, a P/E/G ratio of 2.85 and a beta of 1.01. The stock has a 50-day simple moving average of $25.65 and a 200 day simple moving average of $26.94. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55.

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

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.

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