35,256 Shares in CAE Inc $CAE Bought by Gabelli Funds LLC

Gabelli Funds LLC acquired a new position in CAE Inc (NYSE:CAE) (TSE:CAE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 35,256 shares of the aerospace company’s stock, valued at approximately $918,000.

Several other large investors have also recently made changes to their positions in CAE. Transamerica Financial Advisors LLC increased its position in shares of CAE by 170.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 799 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of CAE in the 4th quarter worth about $41,000. CIBC Private Wealth Group LLC bought a new position in CAE during the third quarter valued at about $42,000. Brown Brothers Harriman & Co. bought a new position in CAE during the fourth quarter valued at about $47,000. Finally, Parallel Advisors LLC increased its holdings in CAE by 46.6% during the first quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock worth $65,000 after buying an additional 797 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. 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 lowered shares of CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada lowered their price target on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 26th. National Bank Financial reiterated an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. Finally, Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.00.

CAE Trading Down 1.5%

Shares of CAE stock opened at $25.83 on Friday. The stock has a market capitalization of $8.30 billion, a P/E ratio of 36.38, a P/E/G ratio of 2.85 and a beta of 1.01. CAE Inc has a 52-week low of $22.76 and a 52-week 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. The stock’s 50-day simple moving average is $25.19 and its 200 day simple moving average is $27.49.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, research analysts anticipate that CAE Inc will post 0.87 EPS 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.