Caisse de depot et placement du Quebec Invests $773.83 Million in CAE Inc $CAE

Key Points

• Caisse de dépôt et placement du Québec acquired 30.9 million CAE shares worth approximately $773.8 million, giving it a 9.62% stake and making CAE its 16th-largest holding.
• Institutional investors own 67.36% of CAE, while several major funds—including Jupiter Topco, Norges Bank and Canada Pension Plan Investment Board—also recently established positions.
• Analysts have a consensus “Hold” rating with a $31 price target. CAE recently beat quarterly EPS and revenue expectations, reporting $0.19 EPS and $826.4 million in revenue, up 6.8% year over year.

Caisse de depot et placement du Quebec acquired a new stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,917,402 shares of the aerospace company's stock, valued at approximately $773,834,000. CAE makes up about 1.1% of Caisse de depot et placement du Quebec's holdings, making the stock its 16th biggest position. Caisse de depot et placement du Quebec owned 9.62% of CAE as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAE. Jupiter Topco LLC purchased a new stake in CAE during the 2nd quarter worth approximately $162,919,000. Norges Bank purchased a new stake in shares of CAE during the fourth quarter worth $98,377,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CAE in the second quarter valued at $65,215,000. The Manufacturers Life Insurance Company purchased a new position in CAE in the second quarter valued at $52,968,000. Finally, Canada Pension Plan Investment Board acquired a new position in CAE during the 2nd quarter worth $49,345,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CAE shares. Royal Bank Of Canada reduced their price target on CAE from $42.00 to $36.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 26th. Weiss Ratings downgraded shares of CAE from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, July 23rd. Morgan Stanley downgraded shares of CAE from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, July 15th. Wall Street Zen cut shares of CAE from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of CAE in a report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $31.00.

CAE Stock Up 1.1%

CAE stock opened at $25.02 on Wednesday. The stock has a market cap of $8.04 billion, a P/E ratio of 35.24, a PEG ratio of 2.85 and a beta of 1.01. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. CAE Inc has a twelve month low of $22.76 and a twelve month high of $34.24. The company's 50 day moving average is $25.63 and its two-hundred day moving average is $26.66.

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 (EPS) 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 business had revenue of $826.42 million during the quarter, compared to analysts' expectations of $796.86 million. During the same quarter in the prior year, the business posted $0.21 EPS. The company'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. Research 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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