Bank of New York Mellon Corp Invests $7.01 Million in CAE Inc $CAE

Key Points

• Bank of New York Mellon purchased 279,733 shares of CAE, valued at approximately $7.01 million, giving it a 0.09% stake. Institutional investors collectively own 67.36% of the company.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $31.00; Morgan Stanley downgraded the stock to “Underweight,” while several other analysts maintained or issued hold ratings.
• CAE shares opened at $24.49, near the lower end of their 52-week range. The company exceeded quarterly earnings and revenue expectations, reporting $0.19 EPS and $826.42 million in revenue, up 6.8% year over year.

Bank of New York Mellon Corp purchased a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 279,733 shares of the aerospace company's stock, valued at approximately $7,010,000. Bank of New York Mellon Corp owned 0.09% of CAE at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming lifted its holdings in CAE by 2.8% in the 4th quarter. State of Wyoming now owns 13,007 shares of the aerospace company's stock worth $396,000 after buying an additional 352 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of CAE by 3.0% during the fourth quarter. Sanctuary Advisors LLC now owns 12,596 shares of the aerospace company's stock valued at $383,000 after acquiring an additional 371 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of CAE by 0.8% during the first quarter. Sequoia Financial Advisors LLC now owns 50,271 shares of the aerospace company's stock valued at $1,310,000 after acquiring an additional 399 shares in the last quarter. United Services Automobile Association lifted its stake in CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after acquiring an additional 462 shares during the period. Finally, Creative Planning lifted its stake in CAE by 3.2% in the third quarter. Creative Planning now owns 16,423 shares of the aerospace company's stock worth $487,000 after acquiring an additional 507 shares during the period. Institutional investors own 67.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of CAE from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Morgan Stanley lowered shares of CAE from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, July 15th. Royal Bank Of Canada reduced their price target on shares of CAE from $42.00 to $36.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 26th. Zacks Research raised shares of CAE from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group restated a "hold" rating on shares of CAE in a report on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.00.

CAE Stock Performance

Shares of CAE stock opened at $24.49 on Friday. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. 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's fifty day moving average price is $25.53 and its 200-day moving average price is $26.31. The stock has a market cap of $7.85 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings data 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 business had revenue of $826.42 million for the quarter, compared to analysts' expectations of $796.86 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business's revenue 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, equities analysts expect that CAE Inc will post 0.87 EPS for the current fiscal year.

CAE Company Profile

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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