Tidal Investments LLC Takes $9.88 Million Position in CAE Inc $CAE

Tidal Investments LLC acquired a new position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 394,470 shares of the aerospace company’s stock, valued at approximately $9,885,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAE. Caisse de depot et placement du Quebec bought a new position in CAE in the second quarter valued at $773,834,000. Jupiter Topco LLC bought a new stake in CAE during the second quarter worth about $162,919,000. Norges Bank bought a new stake in CAE during the fourth quarter worth about $98,377,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CAE in the 2nd quarter worth about $65,215,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of CAE in the 2nd quarter worth about $52,968,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CAE shares. Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings lowered CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada cut their target price on CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 26th. National Bank Financial reiterated an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of CAE in a research note on Thursday, August 13th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.00.

CAE Stock Performance

NYSE CAE opened at $23.98 on Friday. The company has a 50-day simple moving average of $25.39 and a two-hundred day simple moving average of $26.09. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 2.85 and a beta of 1.01. 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 (NYSE:CAE) (TSE:CAE) last released its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $826.42 million during 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 revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, equities analysts forecast that CAE Inc will post 0.87 EPS for the current year.

CAE Company Profile

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.