Korea Investment CORP Buys Shares of 384,246 CAE Inc $CAE

Korea Investment CORP purchased a new position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 384,246 shares of the aerospace company’s stock, valued at approximately $9,617,000. Korea Investment CORP owned 0.12% of CAE at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAE. Tacita Capital Inc acquired a new position in CAE in the second quarter valued at about $37,000. Transamerica Financial Advisors LLC raised its stake in shares of CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 799 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of CAE in the 4th quarter worth approximately $41,000. CIBC Private Wealth Group LLC acquired a new position in shares of CAE in the 3rd quarter worth approximately $42,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in CAE in the 4th quarter valued at approximately $47,000. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Price Performance

CAE stock opened at $24.74 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. CAE Inc has a 52-week low of $22.76 and a 52-week high of $34.24. The firm has a market cap of $7.95 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The company’s 50 day moving average is $25.64 and its two-hundred day moving average is $26.70.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $826.42 million during the quarter, compared to the consensus estimate of $796.86 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 earnings per share. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, research analysts expect that CAE Inc will post 0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CAE. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Zacks Research raised 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. Royal Bank Of Canada decreased their target price on CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 26th. Finally, Weiss Ratings cut CAE from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.00.

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.