Bank of America Corp DE Raises Stock Holdings in CAE Inc $CAE

Key Points

• Bank of America increased its CAE stake by 22% in the first quarter, acquiring 307,265 additional shares to own 1.70 million shares valued at approximately $44.3 million. Institutional investors collectively hold 67.36% of CAE.
• CAE reported quarterly EPS of $0.31, exceeding analyst expectations of $0.30, while revenue of $953.8 million also surpassed estimates. Revenue rose 4% year over year, and management issued fiscal 2027 EPS guidance of $0.88–$0.93.
• CAE shares opened at $27.68, compared with a consensus analyst price target of $31.00. Analysts’ overall rating is “Hold,” with five Buy, four Hold, and one Sell rating.

Bank of America Corp DE increased its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 22.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,701,002 shares of the aerospace company's stock after acquiring an additional 307,265 shares during the quarter. Bank of America Corp DE owned approximately 0.53% of CAE worth $44,311,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in CAE during the fourth quarter valued at about $98,377,000. FIL Ltd grew its position in shares of CAE by 21.9% during the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company's stock valued at $316,955,000 after acquiring an additional 1,874,739 shares during the period. TD Asset Management Inc grew its holdings in CAE by 82.5% during the fourth quarter. TD Asset Management Inc now owns 2,704,860 shares of the aerospace company's stock valued at $82,364,000 after purchasing an additional 1,222,581 shares during the period. Morgan Stanley raised its stake in shares of CAE by 114.0% in the fourth quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company's stock valued at $62,654,000 after buying an additional 1,097,193 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of CAE by 142.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company's stock valued at $42,036,000 after buying an additional 1,004,820 shares during the last quarter. Institutional investors own 67.36% of the company's stock.

CAE Stock Performance

NYSE CAE opened at $27.68 on Thursday. The company's 50 day simple moving average is $25.58 and its two-hundred day simple moving average is $27.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. CAE Inc has a 1 year low of $22.76 and a 1 year high of $34.24. The stock has a market capitalization of $8.90 billion, a PE ratio of 38.99, a P/E/G ratio of 2.85 and a beta of 1.01.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $953.79 million for the quarter, compared to the consensus estimate of $924.83 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The firm's revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Analysts predict that CAE Inc will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Jefferies Financial Group reissued a "hold" rating and issued a $26.00 price objective on shares of CAE in a report on Thursday, June 25th. National Bank Financial reiterated an "outperform" rating on shares of CAE in a research report on Friday, May 22nd. Royal Bank Of Canada reduced their target price on shares of CAE from $42.00 to $36.00 and set a "sector perform" rating for the company in a research note on Tuesday, May 26th. Zacks Research raised shares of CAE from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings cut shares of CAE from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $31.00.

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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