The Manufacturers Life Insurance Company acquired a new position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,119,718 shares of the aerospace company's stock, valued at approximately $52,968,000. The Manufacturers Life Insurance Company owned 0.66% of CAE at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp acquired a new stake in CAE in the 2nd quarter valued at approximately $1,418,000. Osmosis Investment Management UK Ltd acquired a new position in CAE during the 2nd quarter worth $798,000. Sanctuary Advisors LLC acquired a new position in CAE during the 2nd quarter worth $649,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CAE in the second quarter worth $65,215,000. Finally, Bank of Nova Scotia bought a new position in shares of CAE in the second quarter worth $42,956,000. 67.36% of the stock is owned by institutional investors.
CAE Stock Up 1.0%
CAE opened at $25.27 on Thursday. CAE Inc has a one year low of $22.76 and a one year high of $34.24. 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's fifty day moving average is $25.62 and its 200-day moving average is $26.62. The company has a market capitalization of $8.12 billion, a PE ratio of 35.59, a P/E/G ratio of 2.85 and a beta of 1.01.
CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $826.42 million during the quarter, compared to analysts' expectations of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, equities analysts predict that CAE Inc will post 0.87 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of CAE from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 13th. National Bank Financial reiterated an "outperform" rating on shares of CAE in a research report on Friday, May 22nd. Jefferies Financial Group reissued a "hold" rating on shares of CAE in a research note on Thursday, August 13th. Royal Bank Of Canada reduced their price target on shares of CAE from $42.00 to $36.00 and set a "sector perform" rating for the company in a research note on Tuesday, May 26th. Finally, Morgan Stanley cut shares of CAE from an "equal weight" rating to an "underweight" rating in a report on Wednesday, July 15th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $31.00.
Read Our Latest Research Report on CAE
About CAE
(
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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