CAE Inc $CAE Holdings Cut by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its CAE position by 5.5% in the third quarter, selling 110,742 shares and retaining 1.91 million shares worth approximately $45.6 million. Institutional investors and hedge funds collectively own 67.36% of the company.
• CAE shares recently traded at $24.15, near the lower end of their 52-week range of $22.76 to $34.24. The stock has a consensus “Hold” rating and an average analyst price target of $33.33.
• CAE beat quarterly earnings expectations, reporting $0.19 in adjusted EPS versus a $0.17 consensus estimate, while revenue increased 6.8% year over year to $826.42 million.

TD Waterhouse Canada Inc. cut its position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,906,496 shares of the aerospace company's stock after selling 110,742 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.60% of CAE worth $45,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of CAE by 3.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 34,874 shares of the aerospace company's stock valued at $841,000 after buying an additional 1,006 shares during the period. Burkett Asset Management Ltd acquired a new position in CAE in the third quarter valued at approximately $2,040,000. Legacy Wealth Asset Management LLC grew its position in CAE by 13.2% in the third quarter. Legacy Wealth Asset Management LLC now owns 34,854 shares of the aerospace company's stock worth $837,000 after acquiring an additional 4,071 shares during the period. Farther Finance Advisors LLC grew its position in CAE by 218.2% in the third quarter. Farther Finance Advisors LLC now owns 1,435 shares of the aerospace company's stock worth $34,000 after acquiring an additional 984 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in CAE by 2.8% in the second quarter. Sequoia Financial Advisors LLC now owns 51,690 shares of the aerospace company's stock worth $1,295,000 after acquiring an additional 1,419 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Trading Up 1.0%

Shares of NYSE:CAE traded up $0.24 during mid-day trading on Friday, reaching $24.15. 408,708 shares of the company were exchanged, compared to its average volume of 787,502. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 2.85 and a beta of 1.06. The firm's 50-day simple moving average is $24.55 and its 200 day simple moving average is $25.35. 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 posted its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $796.86 million. During the same quarter last year, the firm earned $0.21 EPS. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Equities research analysts forecast that CAE Inc will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CAE shares. Barclays started coverage on CAE in a research report on Friday, October 9th. They issued 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 research note on Saturday, June 20th. Weiss Ratings cut CAE from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 23rd. Jefferies Financial Group cut their price objective on CAE from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Tuesday. Finally, Morgan Stanley lowered shares of CAE from an "equal weight" rating to an "underweight" rating in a report on Wednesday, July 15th. Six equities 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $33.33.

CAE Company Profile

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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