Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 264,246 CAE Inc $CAE

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in CAE Inc (NYSE:CAE) (TSE:CAE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 264,246 shares of the aerospace company’s stock, valued at approximately $6,881,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in CAE in the fourth quarter valued at approximately $98,377,000. FIL Ltd raised its holdings in CAE by 21.9% during the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock worth $316,955,000 after purchasing an additional 1,874,739 shares during the last quarter. TD Asset Management Inc lifted its position in shares of CAE by 82.5% in the 4th quarter. TD Asset Management Inc now owns 2,704,860 shares of the aerospace company’s stock worth $82,364,000 after purchasing an additional 1,222,581 shares during the period. Morgan Stanley lifted its position in shares of CAE by 114.0% in the 4th quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company’s stock worth $62,654,000 after purchasing an additional 1,097,193 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of CAE by 142.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after purchasing an additional 1,004,820 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAE has been the subject of a number of analyst reports. Royal Bank Of Canada lowered their target price on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 26th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Weiss Ratings lowered CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.00.

CAE Price Performance

Shares of NYSE:CAE opened at $26.23 on Thursday. 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 stock’s fifty day simple moving average is $25.21 and its two-hundred day simple moving average is $27.54. CAE Inc has a 1-year low of $22.76 and a 1-year high of $34.24. The stock has a market cap of $8.43 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $953.79 million during the quarter, compared to analyst estimates of $924.83 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, analysts forecast that CAE Inc will post 0.87 EPS for the current fiscal year.

CAE Company Profile

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.