Bank of Nova Scotia Has $43.75 Million Holdings in CAE Inc $CAE

Bank of Nova Scotia trimmed its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 16.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,680,635 shares of the aerospace company’s stock after selling 325,206 shares during the quarter. Bank of Nova Scotia’s holdings in CAE were worth $43,748,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Brandes Investment Partners LP increased its holdings in CAE by 1.1% in the fourth quarter. Brandes Investment Partners LP now owns 15,157,988 shares of the aerospace company’s stock valued at $461,107,000 after purchasing an additional 168,074 shares during the last quarter. Vanguard Group Inc. raised its stake in CAE by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock worth $406,923,000 after buying an additional 229,270 shares during the period. FIL Ltd grew its stake in CAE by 21.9% in the fourth quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock valued at $316,955,000 after acquiring an additional 1,874,739 shares during the period. Select Equity Group L.P. raised its position in shares of CAE by 0.6% during the second quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock worth $231,350,000 after purchasing an additional 45,754 shares during the period. Finally, Snyder Capital Management L P grew its position in shares of CAE by 0.6% in the 4th quarter. Snyder Capital Management L P now owns 5,441,338 shares of the aerospace company’s stock valued at $165,526,000 after purchasing an additional 30,235 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Trading Up 1.4%

Shares of NYSE CAE opened at $25.18 on Friday. 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 Inc has a 52-week low of $22.76 and a 52-week high of $34.24. The stock has a market cap of $8.09 billion, a P/E ratio of 35.47, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The firm has a 50 day moving average price of $25.22 and a two-hundred day moving average price of $27.70.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $953.79 million during 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%.CAE’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, equities analysts forecast that CAE Inc will post 0.87 EPS for the current year.

Analyst Ratings Changes

CAE has been the subject of a number of research analyst reports. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Royal Bank Of Canada dropped their price target on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 26th. Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Finally, National Bank Financial restated an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.00.

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.