Oppenheimer Asset Management Inc. bought a new position in CAE Inc (NYSE:CAE – Free Report) (TSE:CAE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 23,562 shares of the aerospace company’s stock, valued at approximately $590,000.
Other institutional investors also recently modified their holdings of the company. Transamerica Financial Advisors LLC increased its position in shares of CAE by 170.7% during the fourth 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 last quarter. Kestra Advisory Services LLC purchased a new position in CAE in the fourth quarter worth $41,000. CIBC Private Wealth Group LLC bought a new position in CAE in the 3rd quarter valued at $42,000. Brown Brothers Harriman & Co. purchased a new stake in shares of CAE during the 4th quarter valued at $47,000. Finally, Parallel Advisors LLC increased its position in shares of CAE by 46.6% during the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock valued at $65,000 after purchasing an additional 797 shares during the last quarter. 67.36% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on CAE shares. Weiss Ratings downgraded shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Royal Bank Of Canada dropped their target price on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 26th. Wall Street Zen downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CAE currently has an average rating of “Hold” and an average price target of $31.00.
CAE Stock Up 3.7%
CAE stock opened at $27.14 on Tuesday. The stock has a fifty day moving average of $25.65 and a 200-day moving average of $26.94. CAE Inc has a fifty-two week low of $22.76 and a fifty-two week high of $34.24. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 0.96.
CAE (NYSE:CAE – Get Free Report) (TSE:CAE) last announced its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $826.42 million for the quarter, compared to analysts’ expectations of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, equities research analysts predict that CAE Inc will post 0.87 earnings per share for the current year.
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.
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