Cardinal Point Capital Management ULC Increases Stake in CAE Inc $CAE

Cardinal Point Capital Management ULC boosted its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 138.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,261 shares of the aerospace company’s stock after purchasing an additional 32,075 shares during the period. Cardinal Point Capital Management ULC’s holdings in CAE were worth $1,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAE. Brandes Investment Partners LP increased its holdings in CAE by 1.1% in the 4th quarter. Brandes Investment Partners LP now owns 15,157,988 shares of the aerospace company’s stock worth $461,107,000 after buying an additional 168,074 shares during the period. Vanguard Group Inc. lifted 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 valued at $406,923,000 after acquiring an additional 229,270 shares during the period. FIL Ltd boosted its holdings in shares of CAE by 21.9% in the 4th 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 last quarter. Select Equity Group L.P. increased its stake in shares of CAE by 0.6% in 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 acquiring an additional 45,754 shares during the period. Finally, Snyder Capital Management L P increased its stake in shares of CAE by 0.6% in the fourth quarter. Snyder Capital Management L P now owns 5,441,338 shares of the aerospace company’s stock worth $165,526,000 after acquiring an additional 30,235 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Price Performance

NYSE:CAE opened at $24.96 on Thursday. The stock has a 50 day moving average of $25.71 and a two-hundred day moving average of $28.41. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The firm has a market cap of $8.03 billion, a P/E ratio of 35.16, 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.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business had revenue of $953.79 million during the quarter, compared to analysts’ expectations of $924.83 million. During the same period in the prior year, the business earned $0.47 earnings per share. The company’s quarterly 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. On average, analysts expect that CAE Inc will post 0.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CAE. Jefferies Financial Group cut their price target on CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 17th. 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 on the stock. Royal Bank Of Canada dropped their target price on CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 26th. Finally, Weiss Ratings cut CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. One investment 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.