1,972,782 Shares in CAE Inc $CAE Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in CAE Inc (NYSE:CAE) (TSE:CAE) during the second quarter, Holdings Channel reports. The firm acquired 1,972,782 shares of the aerospace company’s stock, valued at approximately $49,345,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAE. Brandes Investment Partners LP lifted its holdings in shares of CAE by 1.1% in the 4th quarter. Brandes Investment Partners LP now owns 15,157,988 shares of the aerospace company’s stock worth $461,107,000 after acquiring an additional 168,074 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of CAE by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock valued at $406,923,000 after purchasing an additional 229,270 shares during the last quarter. FIL Ltd grew its holdings in shares of CAE by 21.9% during the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock valued at $316,955,000 after purchasing an additional 1,874,739 shares during the last quarter. Select Equity Group L.P. raised its position in CAE by 0.6% in the 2nd quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock worth $231,350,000 after purchasing an additional 45,754 shares during the period. Finally, Snyder Capital Management L P raised its position in CAE by 0.6% in the 4th quarter. Snyder Capital Management L P now owns 5,441,338 shares of the aerospace company’s stock worth $165,526,000 after purchasing an additional 30,235 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Trading Down 1.5%

NYSE CAE opened at $24.90 on Friday. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The stock has a market cap of $7.98 billion, a P/E ratio of 35.07, a P/E/G ratio of 2.85 and a beta of 1.01. The stock’s fifty day moving average price is $25.62 and its 200-day moving average price is $26.58. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. CAE had a net margin of 6.36% and a return on equity of 7.45%. The firm had revenue of $826.42 million for the quarter, compared to the consensus estimate of $796.86 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, equities analysts forecast that CAE Inc will post 0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CAE shares. National Bank Financial reissued an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a research report on Thursday, August 13th. Weiss Ratings lowered CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada cut their price objective on CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.