Brandes Investment Partners LP Purchases 168,074 Shares of CAE Inc $CAE

Brandes Investment Partners LP lifted its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,157,988 shares of the aerospace company’s stock after purchasing an additional 168,074 shares during the quarter. CAE accounts for approximately 3.5% of Brandes Investment Partners LP’s investment portfolio, making the stock its largest holding. Brandes Investment Partners LP’s holdings in CAE were worth $461,107,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 229,270 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of CAE by 0.6% during the 2nd 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 in the last quarter. Snyder Capital Management L P grew its holdings in shares of CAE by 12.4% during the 3rd quarter. Snyder Capital Management L P now owns 5,411,103 shares of the aerospace company’s stock worth $160,385,000 after purchasing an additional 598,086 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of CAE by 17.9% during the 3rd quarter. Bank of Montreal Can now owns 4,347,481 shares of the aerospace company’s stock worth $128,706,000 after purchasing an additional 658,837 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of CAE during the 4th quarter worth approximately $98,377,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

Shares of NYSE:CAE opened at $25.60 on Wednesday. The business’s fifty day moving average price is $26.03 and its two-hundred day moving average price is $28.51. CAE Inc has a fifty-two week low of $22.76 and a fifty-two week high of $34.24. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 2.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share 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 firm had revenue of $953.79 million for the quarter, compared to analysts’ expectations of $924.83 million. During the same period in the prior year, the business posted $0.47 earnings per share. The business’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, analysts predict that CAE Inc will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAE has been the topic of several recent research reports. Scotiabank reissued an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Wall Street Zen raised CAE from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings lowered CAE from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Stifel Nicolaus assumed coverage on CAE in a research report on Wednesday, March 4th. They issued a “buy” rating on the stock. Finally, Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, CAE has an average rating of “Moderate Buy” and an average price target 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.