BlackRock Inc. Invests $14.26 Million in CAE Inc $CAE

BlackRock Inc. purchased a new stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the second quarter, according to its most recent filing with the SEC. The fund purchased 569,195 shares of the aerospace company's stock, valued at approximately $14,264,000. BlackRock Inc. owned about 0.18% of CAE at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CAE. Transamerica Financial Advisors LLC lifted its position 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 worth $39,000 after buying an additional 799 shares during the last quarter. Kestra Advisory Services LLC bought a new position in CAE in the fourth quarter worth about $41,000. CIBC Private Wealth Group LLC acquired a new position in CAE in the third quarter valued at approximately $42,000. Brown Brothers Harriman & Co. bought a new position in shares of CAE during the fourth quarter valued at approximately $47,000. Finally, Purpose Unlimited Inc. bought a new position in shares of CAE during the fourth quarter valued at approximately $74,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

Shares of NYSE CAE opened at $24.49 on Friday. CAE Inc has a 1 year low of $22.76 and a 1 year high of $34.24. The firm has a market cap of $7.85 billion, a P/E ratio of 34.49, a PEG ratio of 2.85 and a beta of 1.01. The stock has a fifty day moving average price of $25.53 and a two-hundred day moving average price of $26.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 0.96.

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

Analysts Set New Price Targets

CAE has been the subject of several recent research reports. Weiss Ratings lowered shares of CAE from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 23rd. Zacks Research upgraded shares of CAE from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 13th. Morgan Stanley cut shares of CAE from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, July 15th. Royal Bank Of Canada dropped 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 note on Tuesday, May 26th. Finally, Wall Street Zen cut CAE from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $31.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source