Wellington Management Group LLP Invests $1.83 Million in CAE Inc $CAE

Key Points

• Wellington Management Group acquired 73,260 CAE shares worth approximately $1.83 million during the second quarter. Institutional investors and hedge funds collectively own 67.36% of the company.
• CAE reported quarterly earnings of $0.19 per share, exceeding the $0.17 analyst consensus, while revenue rose 6.8% year over year to $826.42 million.
• CAE shares opened at $23.68, near their 12-month low of $22.76. Analysts maintain a consensus “Hold” rating with an average price target of $31.00.

Wellington Management Group LLP bought a new position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 73,260 shares of the aerospace company's stock, valued at approximately $1,834,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in CAE in the 2nd quarter worth about $65,215,000. Polar Asset Management Partners Inc. purchased a new stake in CAE during the first quarter valued at about $3,253,000. Bank of Nova Scotia acquired a new position in shares of CAE in the second quarter worth about $42,956,000. Sycale Advisors NY LLC acquired a new position in shares of CAE in the second quarter worth about $11,190,000. Finally, Alberta Investment Management Corp purchased a new position in shares of CAE in the second quarter worth approximately $2,159,000. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Trading Down 1.6%

Shares of NYSE:CAE opened at $23.68 on Friday. The firm has a fifty day moving average of $25.42 and a two-hundred day moving average of $26.11. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24. The firm has a market capitalization of $7.59 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business had revenue of $826.42 million for the quarter, compared to the consensus estimate of $796.86 million. During the same period in the prior year, the business posted $0.21 earnings per share. CAE'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. On average, equities analysts expect that CAE Inc will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CAE shares. Jefferies Financial Group restated a "hold" rating on shares of CAE in a report on Thursday, August 13th. Wall Street Zen lowered shares of CAE from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. National Bank Financial reiterated an "outperform" rating on shares of CAE in a research report on Friday, May 22nd. Weiss Ratings downgraded shares of CAE from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada reduced their target price on CAE from $42.00 to $36.00 and set a "sector perform" rating for the company in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $31.00.

About CAE

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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