73,260 Shares in CAE Inc $CAE Acquired by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in CAE Inc (NYSE:CAE) (TSE:CAE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 73,260 shares of the aerospace company’s stock, valued at approximately $1,834,000.

Several other large investors also recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC increased its stake 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 worth $39,000 after purchasing an additional 799 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of CAE in the 4th quarter valued at $41,000. CIBC Private Wealth Group LLC acquired a new stake in shares of CAE in the 3rd quarter valued at $42,000. Tacita Capital Inc bought a new stake in CAE in the second quarter worth $37,000. Finally, Brown Brothers Harriman & Co. acquired a new position in CAE during the fourth quarter worth $47,000. 67.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CAE shares. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. National Bank Financial reissued an “outperform” rating on shares of CAE in a report on Friday, May 22nd. 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 research note on Tuesday, May 26th. Jefferies Financial Group restated a “hold” rating on shares of CAE in a report on Thursday, August 13th. Finally, Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CAE currently has an average rating of “Hold” and an average target price of $31.00.

CAE Trading Down 1.6%

CAE stock opened at $23.68 on Friday. 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 firm has a market capitalization of $7.59 billion, a PE ratio of 33.35, a PEG ratio of 2.85 and a beta of 1.01. The business’s 50-day simple moving average is $25.42 and its 200-day simple moving average is $26.11.

CAE (NYSE:CAE) (TSE:CAE) last announced its 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 during the quarter, compared to the consensus estimate of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Equities research analysts forecast that CAE Inc will post 0.87 earnings per share for the current year.

About CAE

CAE Inc is a Canadian technology company that develops simulation, training and mission-support solutions for the aviation and defense markets. Founded in 1947 and headquartered in Montréal, Québec, the company serves commercial airlines, business aviation operators, aircraft manufacturers, defense forces and government agencies worldwide.

In civil aviation, CAE provides flight simulators, pilot-training systems, aviation training services and digital tools designed to support pilot recruitment, instruction, certification and recurrent training.