Clearbridge Investments LLC Reduces Stock Holdings in CAE Inc $CAE

Clearbridge Investments LLC lowered its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,363,866 shares of the aerospace company’s stock after selling 74,850 shares during the quarter. Clearbridge Investments LLC owned 0.73% of CAE worth $71,909,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. K.J. Harrison & Partners Inc purchased a new position in shares of CAE in the fourth quarter valued at $1,222,000. Citigroup Inc. increased its position in shares of CAE by 103.0% in the third quarter. Citigroup Inc. now owns 322,554 shares of the aerospace company’s stock valued at $9,553,000 after buying an additional 163,649 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CAE by 4.1% in the third quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock valued at $389,430,000 after buying an additional 518,030 shares in the last quarter. PCJ Investment Counsel Ltd. increased its position in shares of CAE by 1,427.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 533,740 shares of the aerospace company’s stock valued at $15,803,000 after buying an additional 498,790 shares in the last quarter. Finally, Anson Funds Management LP purchased a new position in shares of CAE in the third quarter valued at $4,589,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CAE shares. National Bank Financial restated an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Wall Street Zen upgraded CAE from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Stifel Nicolaus initiated coverage on CAE in a research report on Wednesday, March 4th. They set a “buy” rating for the company. Jefferies Financial Group dropped their price objective on CAE from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 17th. Finally, Zacks Research upgraded 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 given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, CAE currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

CAE Stock Down 1.6%

Shares of NYSE:CAE opened at $25.09 on Tuesday. The stock’s 50-day moving average price is $26.04 and its two-hundred day moving average price is $28.51. 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 cap of $8.07 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.97 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 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $953.79 million for the quarter, compared to analyst estimates of $924.83 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, research analysts forecast that CAE Inc will post 0.88 EPS 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.