Beutel Goodman & Co Ltd. Sells 665,378 Shares of CAE Inc $CAE

Beutel Goodman & Co Ltd. cut its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 12.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,752,216 shares of the aerospace company’s stock after selling 665,378 shares during the quarter. Beutel Goodman & Co Ltd.’s holdings in CAE were worth $114,575,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its holdings in CAE by 0.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 50,271 shares of the aerospace company’s stock valued at $1,310,000 after buying an additional 399 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of CAE by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,997 shares of the aerospace company’s stock worth $260,000 after acquiring an additional 570 shares during the period. Parallel Advisors LLC lifted its holdings in shares of CAE by 46.6% during the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 797 shares during the period. Farther Finance Advisors LLC boosted its position in shares of CAE by 218.2% in the third quarter. Farther Finance Advisors LLC now owns 1,435 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 984 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of CAE by 3.0% in the third quarter. Assenagon Asset Management S.A. now owns 34,874 shares of the aerospace company’s stock worth $841,000 after acquiring an additional 1,006 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Up 2.5%

Shares of NYSE:CAE opened at $27.53 on Tuesday. The stock has a 50-day simple moving average of $24.60 and a 200-day simple moving average of $26.43. The stock has a market capitalization of $8.80 billion, a P/E ratio of 38.78, a PEG ratio of 2.85 and a beta of 1.06. CAE Inc has a 1 year low of $22.76 and a 1 year high of $34.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 0.96.

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

Analysts Set New Price Targets

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

CAE Profile

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.

For defense customers, CAE develops simulation and mission-training systems and provides training and operational support to military forces and government agencies.