Cidel Asset Management Inc. Buys 141,107 Shares of CAE Inc $CAE

Key Points

• Cidel Asset Management increased its CAE stake by 52.4% in the third quarter, purchasing 141,107 shares and bringing its total holdings to 410,243 shares valued at approximately $9.9 million.
• Institutional investors own 67.36% of CAE, with several other asset managers also adding to or initiating positions during the quarter.
• Analyst sentiment is moderately positive, with seven Buy, three Hold and one Sell rating; the consensus price target is $33.33 versus CAE’s reported trading price of $25.80.

Cidel Asset Management Inc. lifted its stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 52.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 410,243 shares of the aerospace company's stock after buying an additional 141,107 shares during the period. Cidel Asset Management Inc. owned about 0.13% of CAE worth $9,891,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Signaturefd LLC grew its position in CAE by 18.5% during the 3rd quarter. Signaturefd LLC now owns 15,394 shares of the aerospace company's stock worth $370,000 after acquiring an additional 2,402 shares during the last quarter. Cardinal Point Capital Management ULC raised its position in CAE by 2.9% in the third quarter. Cardinal Point Capital Management ULC now owns 79,929 shares of the aerospace company's stock valued at $1,928,000 after purchasing an additional 2,268 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of CAE by 3.0% during the third quarter. Assenagon Asset Management S.A. now owns 34,874 shares of the aerospace company's stock valued at $841,000 after purchasing an additional 1,006 shares in the last quarter. Burkett Asset Management Ltd acquired a new stake in shares of CAE during the third quarter valued at about $2,040,000. Finally, Legacy Wealth Asset Management LLC grew its holdings in shares of CAE by 13.2% during the third quarter. Legacy Wealth Asset Management LLC now owns 34,854 shares of the aerospace company's stock worth $837,000 after purchasing an additional 4,071 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group lowered their price objective on CAE from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Tuesday, October 13th. Scotiabank reiterated an "outperform" rating on shares of CAE in a research report on Tuesday. Morgan Stanley lowered shares of CAE from an "equal weight" rating to an "underweight" rating in a report on Wednesday, July 15th. Barclays began coverage on shares of CAE in a research report on Friday, October 9th. They issued an "overweight" rating and a $38.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of CAE in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.33.

CAE Trading Down 1.8%

NYSE CAE opened at $25.80 on Friday. The business's 50-day moving average price is $24.36 and its two-hundred day moving average price is $26.61. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The firm has a market capitalization of $8.25 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. 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 (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. CAE had a return on equity of 7.45% and a net margin of 6.36%. The company had revenue of $826.42 million for the quarter, compared to analyst estimates of $796.86 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The firm's quarterly revenue was up 6.8% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, analysts expect that CAE Inc will post 0.87 EPS for the current year.

About CAE

CAE Inc is a Canadian technology company that develops simulation, training and operational-support solutions for the civil aviation, defense and security markets. Its products and services are designed to help organizations train personnel, evaluate mission readiness and improve safety and operational performance.

In civil aviation, CAE provides full-flight simulators, pilot and maintenance training, aviation training services and digital tools for airlines, business aviation operators and aircraft manufacturers.

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