CAE Inc $CAE Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,363,866 shares of the aerospace company’s stock after selling 74,850 shares during the period. Clearbridge Investments LLC’s holdings in CAE were worth $71,909,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. K.J. Harrison & Partners Inc acquired a new position in shares of CAE in the 4th quarter valued at about $1,222,000. Citigroup Inc. raised its holdings in shares of CAE by 103.0% during the 3rd quarter. Citigroup Inc. now owns 322,554 shares of the aerospace company’s stock valued at $9,553,000 after buying an additional 163,649 shares during the period. Vanguard Group Inc. raised its holdings in shares of CAE by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock valued at $389,430,000 after buying an additional 518,030 shares during the period. PCJ Investment Counsel Ltd. raised its holdings in shares of CAE by 1,427.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 533,740 shares of the aerospace company’s stock valued at $15,803,000 after buying an additional 498,790 shares during the period. Finally, Anson Funds Management LP purchased a new stake in shares of CAE during the 3rd quarter valued at about $4,589,000. 67.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on CAE shares. TD Securities reiterated a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Jefferies Financial Group dropped their target price on CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 17th. Scotiabank reiterated an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Royal Bank Of Canada dropped their target price on CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 26th. Finally, Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, CAE has an average rating of “Moderate Buy” and a consensus price target of $32.00.

CAE Price Performance

Shares of NYSE CAE opened at $25.09 on Tuesday. CAE Inc has a twelve month low of $22.76 and a twelve month high of $34.24. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 2.97 and a beta of 1.01. The business has a 50 day simple moving average of $26.04 and a 200-day simple moving average of $28.51.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. CAE had a return on equity of 7.45% and a net margin of 6.36%.The business had revenue of $953.79 million during the quarter, compared to the consensus estimate of $924.83 million. During the same period in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, equities research analysts expect that CAE Inc will post 0.88 earnings per share for the current year.

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.