CIBC Asset Management Inc Boosts Holdings in CAE Inc $CAE

CIBC Asset Management Inc increased its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 243.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,107,936 shares of the aerospace company’s stock after buying an additional 785,799 shares during the period. CIBC Asset Management Inc owned about 0.34% of CAE worth $34,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its position in CAE by 3.0% during the fourth quarter. Sanctuary Advisors LLC now owns 12,596 shares of the aerospace company’s stock worth $383,000 after purchasing an additional 371 shares during the period. United Services Automobile Association boosted its position in CAE by 4.5% during the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after purchasing an additional 462 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its position in CAE by 0.8% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,684 shares of the aerospace company’s stock worth $1,768,000 after purchasing an additional 489 shares during the period. Creative Planning boosted 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 purchasing an additional 507 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in CAE by 2.0% during the second quarter. Public Sector Pension Investment Board now owns 31,038 shares of the aerospace company’s stock worth $908,000 after purchasing an additional 600 shares during the period. Institutional investors own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. National Bank Financial reiterated an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Stifel Nicolaus assumed coverage on shares of CAE in a research report on Wednesday, March 4th. They set a “buy” rating for the company. Royal Bank Of Canada cut their target price on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating for the company 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 Friday, May 29th. Finally, Wall Street Zen upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

CAE Price Performance

CAE stock opened at $24.94 on Thursday. The firm has a 50 day moving average of $26.10 and a 200-day moving average of $28.53. 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 Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The firm has a market capitalization of $8.02 billion, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 2.96 and a beta of 1.01.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, beating 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 analyst estimates of $924.83 million. During the same period last year, the business earned $0.47 earnings per share. CAE’s 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, sell-side analysts predict 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.