CAE Inc $CAE Stock: Letko Brosseau & Associates Inc. Increases Holdings

Letko Brosseau & Associates Inc. raised its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,114,202 shares of the aerospace company’s stock after buying an additional 132,370 shares during the quarter. CAE comprises approximately 1.3% of Letko Brosseau & Associates Inc.’s investment portfolio, making the stock its 29th biggest holding. Letko Brosseau & Associates Inc. owned 1.29% of CAE worth $99,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CAE. Sequoia Financial Advisors LLC increased its position in shares of CAE by 0.8% during the first quarter. Sequoia Financial Advisors LLC now owns 50,271 shares of the aerospace company’s stock worth $1,310,000 after acquiring an additional 399 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in CAE by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,997 shares of the aerospace company’s stock valued at $260,000 after acquiring an additional 570 shares in the last quarter. Parallel Advisors LLC lifted its position in CAE by 46.6% in the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock valued at $65,000 after acquiring an additional 797 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in CAE by 218.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,435 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 984 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in CAE by 3.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 34,874 shares of the aerospace company’s stock worth $841,000 after purchasing an additional 1,006 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CAE shares. Weiss Ratings cut CAE from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Jefferies Financial Group cut their price target on CAE from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Tuesday, October 13th. Barclays started coverage on CAE in a research report on Friday, October 9th. They set an “overweight” rating and a $38.00 price objective for the company. Scotiabank reiterated an “outperform” rating on shares of CAE in a report on Tuesday, October 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of CAE in a research report on Wednesday, October 28th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.33.

CAE Stock Performance

Shares of CAE opened at $28.15 on Friday. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The firm has a fifty day simple moving average of $24.84 and a 200 day simple moving average of $26.35. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.85 and a beta of 1.06. 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 quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $796.86 million. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. Research analysts forecast that CAE Inc will post 0.87 EPS for the current fiscal year.

Key Stories Impacting CAE

Here are a few of the latest stories about CAE:

• Positive Sentiment: Adjusted EPS was $0.24, beating the $0.19 consensus estimate by 25% and rising from $0.17 a year earlier. CAE also raised its FY2027 EPS guidance to $0.92–$0.97, above the $0.90 consensus. CAE reports second quarter fiscal 2027 results
• Negative Sentiment: Revenue declined 2.6% year over year to $1.205 billion and was below analyst expectations, tempering the earnings beat. CAE tops Q2 earnings estimates
• Neutral Sentiment: CAE began soliciting noteholder approval for an amendment to accounting-principle definitions in the indenture for its 5.541% notes due 2028. The announcement describes a technical indenture change, not a change to the notes’ principal or interest rate. CAE announces consent and proxy solicitation

About CAE

CAE Inc. is a Canadian technology company that develops simulation and training solutions for the civil aviation and defense markets. Founded in 1947 and headquartered in Montreal, the company serves customers around the world. In civil aviation, CAE provides flight simulators, training devices, and pilot and crew training services to airlines, business aviation operators, aircraft manufacturers, and other aviation organizations. Its offerings support training across a range of aircraft types and operational needs.