The Manufacturers Life Insurance Company Has $31.66 Million Stock Position in CAE Inc $CAE

The Manufacturers Life Insurance Company reduced its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 32.2% in the 1st quarter, Holdings Channel reports. The fund owned 1,216,882 shares of the aerospace company’s stock after selling 578,439 shares during the period. The Manufacturers Life Insurance Company’s holdings in CAE were worth $31,655,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in CAE during the 4th quarter valued at about $98,377,000. FIL Ltd lifted its position in shares of CAE by 21.9% in the fourth quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock worth $316,955,000 after purchasing an additional 1,874,739 shares in the last quarter. TD Asset Management Inc lifted its position in shares of CAE by 82.5% in the fourth quarter. TD Asset Management Inc now owns 2,704,860 shares of the aerospace company’s stock worth $82,364,000 after purchasing an additional 1,222,581 shares in the last quarter. Morgan Stanley boosted its holdings in shares of CAE by 114.0% during the fourth quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company’s stock worth $62,654,000 after purchasing an additional 1,097,193 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of CAE by 142.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after purchasing an additional 1,004,820 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CAE. Weiss Ratings lowered shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. National Bank Financial reissued an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. Royal Bank Of Canada dropped their price target 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. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.00.

CAE Stock Down 0.0%

CAE opened at $25.82 on Friday. The firm has a market cap of $8.30 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. 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 business has a 50 day moving average price of $25.24 and a 200 day moving average price of $27.48. CAE Inc has a twelve month low of $22.76 and a twelve month high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $953.79 million for the quarter, compared to analyst estimates of $924.83 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Research analysts forecast that CAE Inc will post 0.87 EPS for the current year.

CAE Company Profile

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.