Capital International Investors Cuts Stock Holdings in CAE Inc $CAE

Capital International Investors lowered its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 964,743 shares of the aerospace company’s stock after selling 347,489 shares during the period. Capital International Investors owned approximately 0.30% of CAE worth $29,338,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in CAE by 1.7% during the fourth 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 during the period. Select Equity Group L.P. raised its stake in 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. Snyder Capital Management L P raised its stake in CAE by 12.4% during the third 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 during the period. Bank of Montreal Can raised its stake in CAE by 17.9% during the third 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 during the period. Finally, Norges Bank purchased a new position in CAE during the fourth quarter worth approximately $98,377,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

CAE has been the subject of several recent research reports. TD Securities reissued a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. National Bank Financial reissued an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Weiss Ratings lowered shares of CAE from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Jefferies Financial Group dropped their price objective on shares of CAE from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 17th. Finally, Canaccord Genuity Group initiated coverage on shares of CAE in a research report on Friday, March 13th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.00.

CAE Price Performance

CAE opened at $25.60 on Wednesday. The company has a fifty day simple moving average of $26.03 and a 200 day simple moving average of $28.51. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 2.93 and a beta of 1.01. CAE Inc has a twelve month low of $22.76 and a twelve month high of $34.24. 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 (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, beating analysts’ consensus estimates 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 net margin of 6.36% and a return on equity of 7.45%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Equities research analysts expect that CAE Inc will post 0.88 EPS for the current fiscal year.

About CAE

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.