2,607,255 Shares in CAE Inc $CAE Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in CAE Inc (NYSE:CAE) (TSE:CAE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,607,255 shares of the aerospace company’s stock, valued at approximately $65,215,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.81% of CAE at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tacita Capital Inc acquired a new stake in shares of CAE in the 2nd quarter valued at about $37,000. Transamerica Financial Advisors LLC lifted its stake in CAE by 170.7% in the fourth 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 during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of CAE in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC acquired a new stake in shares of CAE in the third quarter valued at approximately $42,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of CAE during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

NYSE:CAE opened at $24.91 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The firm’s fifty day moving average price is $25.65 and its 200 day moving average price is $26.74. CAE Inc has a 1-year low of $22.76 and a 1-year high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last issued 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 for the quarter, compared to the consensus estimate of $796.86 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, sell-side analysts expect that CAE Inc will post 0.87 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on CAE. Morgan Stanley downgraded shares of CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a research note on Thursday, August 13th. National Bank Financial reissued an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Finally, Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CAE currently has a consensus rating of “Hold” and a consensus target price of $31.00.

About CAE

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.