The Manufacturers Life Insurance Company Buys New Shares in CAE Inc $CAE

The Manufacturers Life Insurance Company bought a new position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) in the second quarter, Holdings Channel reports. The fund bought 2,119,718 shares of the aerospace company’s stock, valued at approximately $52,968,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Millennium Management LLC bought a new position in shares of CAE in the first quarter valued at $4,170,000. Goldman Sachs Group Inc. grew its holdings 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 worth $42,036,000 after acquiring an additional 1,004,820 shares during the last quarter. United Services Automobile Association grew its holdings in shares of CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after acquiring an additional 462 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of CAE during the second quarter worth $287,000. Finally, Marshall Wace LLP acquired a new stake in shares of CAE during the second quarter worth $3,655,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CAE shares. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. 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 report on Tuesday, May 26th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a report on Thursday, August 13th. Finally, Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 15th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.00.

CAE Stock Performance

Shares of CAE stock opened at $25.27 on Thursday. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The stock has a market cap of $8.12 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The business has a fifty day simple moving average of $25.62 and a 200-day simple moving average of $26.62.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share 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 return on equity of 7.45% and a net margin of 6.36%.CAE’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, sell-side analysts anticipate that CAE Inc will post 0.87 EPS for the current fiscal 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.