Canada Pension Plan Investment Board Makes New $49.34 Million Investment in CAE Inc $CAE

Key Points

• Canada Pension Plan Investment Board purchased 1,972,782 CAE shares worth approximately $49.34 million, giving it a 0.61% stake. Institutional investors and hedge funds collectively own 67.36% of the company.
• Analyst sentiment is mixed, with five Buy ratings, four Holds and one Sell; the stock carries an average rating of Hold and a consensus price target of $31.
• CAE reported quarterly EPS of $0.19, beating estimates of $0.17, while revenue reached $826.42 million and rose 6.8% year over year. Shares opened at $24.90, near the lower end of their 52-week range.

Canada Pension Plan Investment Board purchased a new stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,972,782 shares of the aerospace company's stock, valued at approximately $49,345,000. Canada Pension Plan Investment Board owned approximately 0.61% of CAE at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc bought a new position in CAE in the 4th quarter valued at approximately $1,222,000. Polar Asset Management Partners Inc. acquired a new stake in CAE during the 1st quarter worth approximately $3,253,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in CAE during the 2nd quarter worth approximately $65,215,000. Vanguard Group Inc. increased its position in CAE by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company's stock valued at $406,923,000 after acquiring an additional 229,270 shares during the period. Finally, Alberta Investment Management Corp acquired a new position in CAE in the 2nd quarter valued at approximately $2,159,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAE has been the subject of several analyst reports. Zacks Research raised CAE from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 13th. Jefferies Financial Group reiterated a "hold" rating on shares of CAE in a research report on Thursday, August 13th. Wall Street Zen cut CAE from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. National Bank Financial restated an "outperform" rating on shares of CAE in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada cut their price objective on CAE from $42.00 to $36.00 and set a "sector perform" rating on the stock in a research note on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $31.00.

CAE Stock Performance

Shares of CAE stock opened at $24.90 on Friday. The business has a 50-day simple moving average of $25.62 and a 200 day simple moving average of $26.58. CAE Inc has a one year low of $22.76 and a one year high of $34.24. 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 capitalization of $7.98 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.85 and a beta of 1.01.

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, topping analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $826.42 million for the quarter, compared to analysts' expectations of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.CAE's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, research analysts anticipate that CAE Inc will post 0.87 earnings per share 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.

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.