BI Asset Management Fondsmaeglerselskab A S Buys 97,732 Shares of CAE Inc $CAE

BI Asset Management Fondsmaeglerselskab A S grew its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 458.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 119,058 shares of the aerospace company’s stock after buying an additional 97,732 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in CAE were worth $3,101,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC raised its position in shares of CAE by 170.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after buying an additional 799 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in CAE in the fourth quarter worth $41,000. CIBC Private Wealth Group LLC bought a new position in CAE in the third quarter valued at $42,000. Brown Brothers Harriman & Co. bought a new position in CAE in the fourth quarter valued at $47,000. Finally, Purpose Unlimited Inc. purchased a new stake in CAE during the fourth quarter valued at about $74,000. Institutional investors own 67.36% of the company’s stock.

CAE Trading Down 0.6%

NYSE CAE opened at $24.92 on Tuesday. The firm has a market cap of $8.01 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01. CAE Inc has a 1-year low of $22.76 and a 1-year high of $34.24. The stock has a 50-day moving average of $25.81 and a 200-day moving average of $28.44. 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 posted its quarterly 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 for 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, sell-side analysts forecast that CAE Inc will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

CAE has been the topic of a number of research reports. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Stifel Nicolaus assumed coverage on CAE in a research note on Wednesday, March 4th. They issued a “buy” rating for the company. Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings downgraded shares of CAE from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Finally, Canaccord Genuity Group assumed coverage on shares of CAE in a report on Friday, March 13th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, CAE has an average rating of “Moderate Buy” and an average 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.