Oppenheimer Asset Management Inc. Acquires New Shares in CAE Inc $CAE

Oppenheimer Asset Management Inc. acquired a new position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,562 shares of the aerospace company’s stock, valued at approximately $590,000.

Several other large investors have also added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC grew its holdings 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 buying an additional 799 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of CAE in the fourth quarter worth about $41,000. CIBC Private Wealth Group LLC bought a new position in shares of CAE in the third quarter valued at approximately $42,000. Brown Brothers Harriman & Co. purchased a new position in CAE during the fourth quarter valued at approximately $47,000. Finally, Purpose Unlimited Inc. purchased a new position in CAE during the fourth quarter valued at approximately $74,000. Institutional investors own 67.36% of the company’s stock.

CAE Price Performance

CAE stock opened at $27.14 on Tuesday. The firm has a 50 day simple moving average of $25.65 and a two-hundred day simple moving average of $26.94. The stock has a market cap of $8.72 billion, a PE ratio of 38.23, a P/E/G ratio of 2.85 and a beta of 1.01. 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 current ratio of 0.96 and a quick ratio of 0.77.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) 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 company had revenue of $826.42 million during the quarter, compared to the consensus estimate of $796.86 million. During the same period in the previous year, the firm posted $0.21 EPS. The firm’s revenue 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, analysts predict that CAE Inc will post 0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on CAE shares. Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Morgan Stanley cut shares of CAE from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 15th. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada dropped their price objective on 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, National Bank Financial restated an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CAE presently has a consensus rating of “Hold” and a consensus price target of $31.00.

CAE 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.