Letko Brosseau & Associates Inc. Sells 32,000 Shares of CAE Inc $CAE

Letko Brosseau & Associates Inc. reduced its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,219,140 shares of the aerospace company’s stock after selling 32,000 shares during the quarter. CAE makes up 1.6% of Letko Brosseau & Associates Inc.’s investment portfolio, making the stock its 20th largest holding. Letko Brosseau & Associates Inc.’s holdings in CAE were worth $98,024,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CIBC Private Wealth Group LLC bought a new stake in shares of CAE during the 3rd quarter worth $42,000. Bessemer Group Inc. boosted its holdings in CAE by 26.0% in the 3rd quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock valued at $164,000 after purchasing an additional 1,145 shares during the period. Asahi Life Asset Management CO. LTD. bought a new stake in CAE in the 4th quarter valued at $225,000. Oppenheimer & Co. Inc. bought a new stake in CAE in the 4th quarter valued at $228,000. Finally, Syon Capital LLC bought a new stake in CAE in the 4th quarter valued at $246,000. 67.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on CAE shares. Stifel Nicolaus started coverage on shares of CAE in a report on Wednesday, March 4th. They issued a “buy” rating for the company. Jefferies Financial Group reduced their price target on shares of CAE from $31.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 17th. TD Securities reissued a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded CAE from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, CAE presently has an average rating of “Moderate Buy” and an average target price of $32.00.

CAE Price Performance

NYSE:CAE opened at $25.60 on Wednesday. The company has a 50-day moving average of $26.03 and a 200-day moving average of $28.51. The company has a market capitalization 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 52 week low of $22.76 and a 52 week high of $34.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 0.96.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $953.79 million during 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 firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, equities research analysts anticipate that CAE Inc will post 0.88 earnings per share for the current fiscal year.

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.