Sunriver Management LLC bought a new position in shares of CAE Inc (NYSE:CAE – Free Report) (TSE:CAE) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 844,393 shares of the aerospace company’s stock, valued at approximately $21,996,000. CAE comprises 3.7% of Sunriver Management LLC’s investment portfolio, making the stock its 15th biggest holding.
Several other hedge funds have also added to or reduced their stakes in the business. State of Wyoming boosted its position in CAE by 2.8% during the fourth quarter. State of Wyoming now owns 13,007 shares of the aerospace company’s stock worth $396,000 after purchasing an additional 352 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of CAE by 3.0% during the 4th quarter. Sanctuary Advisors LLC now owns 12,596 shares of the aerospace company’s stock worth $383,000 after buying an additional 371 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of CAE by 0.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 50,271 shares of the aerospace company’s stock worth $1,310,000 after buying an additional 399 shares during the period. United Services Automobile Association grew its stake in CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after buying an additional 462 shares during the last quarter. Finally, Creative Planning lifted its position in CAE by 3.2% during the third quarter. Creative Planning now owns 16,423 shares of the aerospace company’s stock worth $487,000 after acquiring an additional 507 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.
Analyst Upgrades and Downgrades
CAE has been the subject of several research reports. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Morgan Stanley cut shares of CAE from an “equal weight” rating to an “underweight” rating in a research report 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 research report on Tuesday, May 26th. Weiss Ratings lowered shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $26.00 target price on shares of CAE in a report on Thursday, June 25th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, CAE currently has a consensus rating of “Hold” and a consensus target price of $31.00.
CAE Trading Up 1.4%
Shares of CAE stock opened at $25.18 on Friday. 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 12-month low of $22.76 and a 12-month high of $34.24. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 2.85 and a beta of 1.01. The firm’s 50-day moving average price is $25.22 and its two-hundred day moving average price is $27.70.
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. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company had revenue of $953.79 million during the quarter, compared to the consensus estimate of $924.83 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, analysts forecast that CAE Inc will post 0.87 earnings per share for the current fiscal year.
CAE Company 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.
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