Nykredit A S Purchases Shares of 45,286 CAE Inc $CAE

Key Points

• Nykredit A/S acquired 45,286 CAE shares in the second quarter, valued at approximately $1.13 million. Institutional investors collectively own 67.36% of CAE’s outstanding stock.
• Analyst sentiment is mixed but leans toward caution: CAE has an average rating of “Hold” and a consensus price target of $31, with recent downgrades from Morgan Stanley and other firms.
• CAE reported quarterly EPS of $0.19, exceeding estimates of $0.17, while revenue rose 6.8% year over year to $826.42 million. The stock opened at $24.57, near the lower end of its 12-month range.

Nykredit A S acquired a new position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 45,286 shares of the aerospace company's stock, valued at approximately $1,133,000.

Several other hedge funds have also modified their holdings of CAE. Caisse de depot et placement du Quebec purchased a new position in shares of CAE in the second quarter valued at $773,834,000. Brandes Investment Partners LP raised its stake in CAE by 1.1% during the fourth quarter. Brandes Investment Partners LP now owns 15,157,988 shares of the aerospace company's stock valued at $461,107,000 after purchasing an additional 168,074 shares in the last quarter. Jupiter Topco LLC bought a new position in CAE during the second quarter valued at $162,919,000. Norges Bank bought a new position in CAE during the fourth quarter valued at $98,377,000. Finally, Geode Capital Management LLC grew its stake in shares of CAE by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 2,777,070 shares of the aerospace company's stock worth $84,082,000 after buying an additional 168,276 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of CAE from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Morgan Stanley lowered CAE from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, July 15th. Royal Bank Of Canada reduced 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. Weiss Ratings downgraded CAE from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of CAE in a research note on Thursday, August 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 MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.00.

CAE Trading Up 0.1%

CAE stock opened at $24.57 on Wednesday. CAE Inc has a twelve month low of $22.76 and a twelve month high of $34.24. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The firm's fifty day simple moving average is $25.17 and its two-hundred day simple moving average is $25.80.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results 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. The firm had revenue of $826.42 million during the quarter, compared to analyst estimates of $796.86 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business's revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, analysts anticipate that CAE Inc will post 0.87 earnings per share for the current year.

CAE Profile

CAE Inc is a Canadian technology company that develops simulation, training and mission-support solutions for the aviation and defense markets. Founded in 1947 and headquartered in Montréal, Québec, the company serves commercial airlines, business aviation operators, aircraft manufacturers, defense forces and government agencies worldwide.

In civil aviation, CAE provides flight simulators, pilot-training systems, aviation training services and digital tools designed to support pilot recruitment, instruction, certification and recurrent training.

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