Geode Capital Management LLC raised its stake in CAE Inc (NYSE:CAE – Free Report) (TSE:CAE) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,777,070 shares of the aerospace company’s stock after purchasing an additional 168,276 shares during the period. Geode Capital Management LLC’s holdings in CAE were worth $84,082,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of CAE. Goldman Sachs Group Inc. increased its position in shares of CAE by 142.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after purchasing an additional 1,004,820 shares during the last quarter. Bank of Montreal Can increased its position in shares of CAE by 17.9% in the 3rd quarter. Bank of Montreal Can now owns 4,347,481 shares of the aerospace company’s stock worth $128,706,000 after purchasing an additional 658,837 shares during the last quarter. Snyder Capital Management L P increased its position in shares of CAE by 12.4% in the 3rd quarter. Snyder Capital Management L P now owns 5,411,103 shares of the aerospace company’s stock worth $160,385,000 after purchasing an additional 598,086 shares during the last quarter. Legal & General Group Plc increased its position in shares of CAE by 45.3% in the 3rd quarter. Legal & General Group Plc now owns 1,879,073 shares of the aerospace company’s stock worth $55,654,000 after purchasing an additional 585,465 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of CAE by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock worth $389,430,000 after purchasing an additional 518,030 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.
Analyst Ratings Changes
CAE has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of CAE from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Stifel Nicolaus initiated coverage on shares of CAE in a research report on Wednesday, March 4th. They set a “buy” rating for the company. TD Securities reaffirmed a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Finally, Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. One 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. According to data from MarketBeat, CAE has an average rating of “Moderate Buy” and an average price target of $32.00.
CAE Trading Up 0.0%
Shares of NYSE:CAE opened at $25.50 on Monday. The company has a 50 day moving average of $26.06 and a 200-day moving average of $28.52. The firm has a market cap of $8.20 billion, a P/E ratio of 35.92, a P/E/G ratio of 2.97 and a beta of 1.01. CAE Inc has a twelve month low of $22.76 and a twelve month high of $34.24. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55.
CAE (NYSE:CAE – Get Free Report) (TSE:CAE) last issued its quarterly 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 company 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 business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, analysts anticipate that CAE Inc will post 0.88 earnings per share for the current fiscal 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.
See Also
- Five stocks we like better than CAE
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding CAE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CAE Inc (NYSE:CAE – Free Report) (TSE:CAE).
Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.
