CAE Inc $CAE Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 43.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,851 shares of the aerospace company’s stock after selling 23,314 shares during the period. Assenagon Asset Management S.A.’s holdings in CAE were worth $776,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CAE. Transamerica Financial Advisors LLC lifted its position in shares of CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock worth $39,000 after buying an additional 799 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of CAE during the 4th quarter valued at about $41,000. CIBC Private Wealth Group LLC acquired a new stake in CAE during the third quarter worth about $42,000. Brown Brothers Harriman & Co. acquired a new stake in CAE during the fourth quarter worth about $47,000. Finally, Purpose Unlimited Inc. bought a new position in CAE in the fourth quarter worth about $74,000. 67.36% of the stock is currently owned by institutional investors.

CAE Trading Up 1.2%

Shares of CAE stock opened at $25.55 on Friday. CAE Inc has a 1 year low of $22.76 and a 1 year high of $34.24. The firm has a market capitalization of $8.21 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01. The stock has a fifty day moving average of $25.50 and a two-hundred day moving average of $28.28. 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) (TSE:CAE) last issued its quarterly earnings results 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 return on equity of 7.45% and a net margin of 6.36%.The company had revenue of $953.79 million for the quarter, compared to analyst estimates of $924.83 million. During the same period last year, the company earned $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 expect that CAE Inc will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Canaccord Genuity Group initiated coverage on CAE in a research note on Friday, March 13th. They issued a “buy” rating for the company. Royal Bank Of Canada cut their price target on CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 26th. Weiss Ratings lowered CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen downgraded CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Zacks Research upgraded 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 and four have given a Hold rating to the stock. Based on data from MarketBeat.com, CAE presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

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.