Cibc World Market Inc. Cuts Stock Holdings in CAE Inc $CAE

Cibc World Market Inc. reduced its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 21.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,526,360 shares of the aerospace company’s stock after selling 409,867 shares during the period. Cibc World Market Inc. owned about 0.47% of CAE worth $46,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CIBC Private Wealth Group LLC purchased a new stake in CAE during the 3rd quarter valued at $42,000. Bessemer Group Inc. raised its stake 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 purchasing an additional 1,145 shares during the last quarter. Asahi Life Asset Management CO. LTD. bought a new position in shares of CAE during the fourth quarter valued at $225,000. Oppenheimer & Co. Inc. bought a new position in shares of CAE during the fourth quarter valued at $228,000. Finally, United Services Automobile Association boosted its position in shares of CAE by 4.5% during the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after buying an additional 462 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Stock Performance

Shares of NYSE CAE opened at $25.47 on Friday. 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 $8.19 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 2.90 and a beta of 1.01. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $26.09 and a 200 day moving average of $28.52.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $953.79 million for the quarter, compared to the consensus estimate of $924.83 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, research analysts anticipate that CAE Inc will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

CAE has been the subject of a number of recent analyst reports. National Bank Financial reissued an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Royal Bank Of Canada decreased their price objective on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a report on Tuesday, May 26th. Canaccord Genuity Group started coverage on shares of CAE in a research report on Friday, March 13th. They set a “buy” rating on the stock. Finally, TD Securities restated a “buy” rating on shares of CAE in a report on Tuesday, February 17th. One research 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 stock. According to MarketBeat, CAE presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.