Cidel Asset Management Inc. Buys New Shares in CAE Inc $CAE

Key Points

• Cidel Asset Management acquired 269,136 CAE shares during the second quarter, valued at approximately $6.7 million and representing a 0.08% stake. Institutional investors collectively own 67.36% of CAE.
• Analyst sentiment is mixed, with five Buy, four Hold and one Sell rating; the consensus recommendation is Hold, with an average price target of $31.
• CAE exceeded quarterly expectations, reporting $0.19 in EPS versus $0.17 expected and revenue of $826.4 million, up 6.8% year over year. Shares opened at $24.28, near the lower end of their 52-week range.

Cidel Asset Management Inc. purchased a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 269,136 shares of the aerospace company's stock, valued at approximately $6,736,000. Cidel Asset Management Inc. owned 0.08% of CAE as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Caisse de depot et placement du Quebec bought a new position in shares of CAE in the second quarter worth about $773,834,000. Jupiter Topco LLC bought a new position in shares of CAE during the 2nd quarter valued at approximately $162,919,000. Norges Bank purchased a new stake in CAE in the 4th quarter worth approximately $98,377,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in CAE during the 2nd quarter worth approximately $65,215,000. Finally, The Manufacturers Life Insurance Company bought a new stake in CAE during the 2nd quarter worth approximately $52,968,000. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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 downgraded shares of CAE from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, July 15th. Royal Bank Of Canada lowered their target price 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. Jefferies Financial Group reaffirmed a "hold" rating on shares of CAE in a report on Thursday, August 13th. Finally, Wall Street Zen lowered CAE from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CAE currently has an average rating of "Hold" and an average price target of $31.00.

CAE Stock Performance

CAE opened at $24.28 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 0.96. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 2.85 and a beta of 1.01. The company has a fifty day moving average of $25.48 and a 200 day moving average of $26.19. CAE Inc has a fifty-two week low of $22.76 and a fifty-two week high of $34.24.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 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 the consensus estimate of $796.86 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business's revenue was up 6.8% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, sell-side analysts forecast 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.

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