Healthcare of Ontario Pension Plan Trust Fund Purchases New Shares in CAE Inc $CAE

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 264,246 shares of the aerospace company's stock, valued at approximately $6,881,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of CAE as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC increased its holdings in shares of CAE by 170.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company's stock worth $39,000 after purchasing an additional 799 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of CAE in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC acquired a new stake in CAE during the third quarter worth approximately $42,000. Brown Brothers Harriman & Co. acquired a new stake in CAE during the fourth quarter worth approximately $47,000. Finally, Parallel Advisors LLC increased its stake in CAE by 46.6% during the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company's stock worth $65,000 after acquiring an additional 797 shares during the period. Institutional investors own 67.36% of the company's stock.

CAE Stock Performance

CAE stock opened at $26.23 on Thursday. The business has a 50 day moving average of $25.21 and a 200-day moving average of $27.54. CAE Inc has a 1 year low of $22.76 and a 1 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 company has a market capitalization of $8.43 billion, a P/E ratio of 36.94, a P/E/G ratio of 2.85 and a beta of 1.01.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business had revenue of $953.79 million for the quarter, compared to the consensus estimate of $924.83 million. During the same period last year, the company earned $0.47 EPS. The firm's revenue was up 4.0% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, equities research analysts predict that CAE Inc will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

CAE has been the subject of a number of recent analyst reports. Weiss Ratings downgraded CAE from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 23rd. Royal Bank Of Canada dropped their price target on CAE from $42.00 to $36.00 and set a "sector perform" rating for the company in a research note on Tuesday, May 26th. National Bank Financial reaffirmed an "outperform" rating on shares of CAE in a research report on Friday, May 22nd. Jefferies Financial Group reiterated a "hold" rating and set a $26.00 price objective on shares of CAE in a research note on Thursday, June 25th. Finally, Zacks Research raised shares of CAE from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $31.00.

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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