Norges Bank Makes New $98.38 Million Investment in CAE Inc $CAE

Norges Bank purchased a new position in CAE Inc (NYSE:CAE – Free Report) (TSE:CAE) in the fourth quarter, Holdings Channel reports. The fund purchased 3,234,907 shares of the aerospace company’s stock, valued at approximately $98,377,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC acquired a new stake in shares of CAE in the third quarter worth about $42,000. Bessemer Group Inc. lifted its position in shares of CAE by 26.0% in the third quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock worth $164,000 after buying an additional 1,145 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of CAE in the fourth quarter worth about $225,000. Oppenheimer & Co. Inc. acquired a new stake in shares of CAE in the fourth quarter worth about $228,000. Finally, United Services Automobile Association lifted its position in shares of CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after buying an additional 462 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

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CAE Trading Up 0.2%

Shares of CAE opened at $25.50 on Friday. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 35.92, a P/E/G ratio of 2.97 and a beta of 1.01. The stock’s 50-day moving average price is $26.06 and its 200 day moving average price is $28.50.

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 (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. CAE had a return on equity of 7.45% and a net margin of 6.36%.The firm had revenue of $953.79 million for the quarter, compared to analyst estimates of $924.83 million. During the same period in the previous year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, research analysts predict that CAE Inc will post 0.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CAE shares. Weiss Ratings cut CAE from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Royal Bank Of Canada reduced their price target on CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 26th. Wall Street Zen raised CAE from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. TD Securities reaffirmed a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Check Out Our Latest Stock Report on CAE

About CAE

(Free Report)

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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