Nykredit A S Buys New Stake in CAE Inc $CAE

Key Points

• Nykredit A/S acquired 61,986 CAE shares during the second quarter, valued at approximately $1.55 million. Institutional investors collectively own 67.36% of the company.
• CAE exceeded quarterly expectations, reporting $0.19 EPS versus the $0.17 consensus and revenue of $826.42 million, up 6.8% year over year.
• CAE shares opened at $24.41, below the analyst consensus price target of $31.00. Wall Street’s overall rating is “Hold,” with five Buy, four Hold, and one Sell rating.

Nykredit A S bought a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 61,986 shares of the aerospace company's stock, valued at approximately $1,551,000.

Several other institutional investors and hedge funds also recently modified their holdings of CAE. Addenda Capital Inc. increased its holdings in shares of CAE by 3.4% during the second quarter. Addenda Capital Inc. now owns 379,218 shares of the aerospace company's stock valued at $9,503,000 after purchasing an additional 12,402 shares during the period. Susquehanna International Group LLP acquired a new stake in CAE in the second quarter worth about $1,368,000. Greenleaf Trust grew its position in CAE by 64.0% in the 2nd quarter. Greenleaf Trust now owns 15,346 shares of the aerospace company's stock valued at $385,000 after buying an additional 5,991 shares in the last quarter. Hsbc Holdings PLC acquired a new position in CAE during the 2nd quarter valued at about $518,000. Finally, Wellington Management Group LLP acquired a new position in CAE during the 2nd quarter valued at about $1,834,000. Institutional investors own 67.36% of the company's stock.

CAE Stock Performance

Shares of CAE opened at $24.41 on Tuesday. The business's 50-day moving average price is $25.49 and its 200 day moving average price is $26.23. The stock has a market capitalization of $7.82 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.85 and a beta of 1.01. CAE Inc has a 1-year low of $22.76 and a 1-year high of $34.24. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. CAE had a return on equity of 7.45% and a net margin of 6.36%.The firm had revenue of $826.42 million for the quarter, compared to the consensus estimate of $796.86 million. During the same quarter in the previous year, the company earned $0.21 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Analysts expect that CAE Inc will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

CAE has been the subject of a number of research reports. Wall Street Zen lowered CAE from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Zacks Research raised CAE from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 13th. Morgan Stanley lowered CAE from an "equal weight" rating to an "underweight" rating in a report on Wednesday, July 15th. Weiss Ratings cut CAE from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, July 23rd. Finally, National Bank Financial reaffirmed an "outperform" rating on shares of CAE in a report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CAE currently has an average rating of "Hold" and a consensus target price of $31.00.

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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