OMERS ADMINISTRATION Corp purchased a new position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 56,660 shares of the aerospace company's stock, valued at approximately $1,418,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Transamerica Financial Advisors LLC boosted its stake in CAE by 170.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 799 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of CAE during the 4th quarter valued at $41,000. CIBC Private Wealth Group LLC bought a new stake in shares of CAE in the 3rd quarter worth $42,000. Tacita Capital Inc acquired a new stake in shares of CAE in the second quarter valued at $37,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of CAE in the fourth quarter valued at $47,000. 67.36% of the stock is currently owned by institutional investors.
CAE Price Performance
NYSE CAE opened at $25.27 on Thursday. 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 Inc has a 1 year low of $22.76 and a 1 year high of $34.24. The company has a market cap of $8.12 billion, a PE ratio of 35.59, a PEG ratio of 2.85 and a beta of 1.01. The stock's 50-day moving average price is $25.62 and its two-hundred day moving average price is $26.62.
CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 EPS for the quarter, topping 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 company had revenue of $826.42 million during the quarter, compared to analysts' expectations of $796.86 million. During the same period last year, the company posted $0.21 earnings per share. The business's revenue for the quarter 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 predict that CAE Inc will post 0.87 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently issued reports on CAE. Jefferies Financial Group reaffirmed a "hold" rating on shares of CAE in a report on Thursday, August 13th. Morgan Stanley lowered 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 price objective 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. Weiss Ratings downgraded shares of CAE from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 23rd. Finally, Zacks Research raised shares of CAE from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $31.00.
Read Our Latest Report on CAE
CAE Profile
(
Free Report)
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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