CIBC Asset Management Inc Increases Stock Position in CAE Inc $CAE

CIBC Asset Management Inc boosted its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 243.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,107,936 shares of the aerospace company’s stock after buying an additional 785,799 shares during the period. CIBC Asset Management Inc’s holdings in CAE were worth $34,376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CAE. Millennium Management LLC purchased a new stake in CAE in the first quarter valued at approximately $4,170,000. Goldman Sachs Group Inc. raised its stake in CAE by 142.6% in the first 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 in the last quarter. United Services Automobile Association raised its stake in CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 462 shares in the last quarter. Prudential Financial Inc. purchased a new stake in CAE in the second quarter valued at approximately $287,000. Finally, Marshall Wace LLP purchased a new stake in CAE in the second quarter valued at approximately $3,655,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Trading Down 1.7%

CAE stock opened at $24.94 on Thursday. The company has a market capitalization of $8.02 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.96 and a beta of 1.01. CAE Inc has a one year low of $22.76 and a one year high of $34.24. The company’s 50 day moving average price is $26.10 and its two-hundred day moving average price is $28.53. 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 Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $953.79 million for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, analysts predict that CAE Inc will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CAE has been the topic of a number of recent analyst reports. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. Stifel Nicolaus assumed coverage on shares of CAE in a research note on Wednesday, March 4th. They set a “buy” rating on the stock. Weiss Ratings downgraded shares of CAE from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Canaccord Genuity Group assumed coverage on shares of CAE in a research note on Friday, March 13th. They set a “buy” rating on the stock. Finally, TD Securities reissued a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

CAE 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.