Mufg Securities Canada LTD. Sells 40,935 Shares of CAE Inc $CAE

Mufg Securities Canada LTD. cut its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 489,597 shares of the aerospace company’s stock after selling 40,935 shares during the period. Mufg Securities Canada LTD.’s holdings in CAE were worth $14,892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Transamerica Financial Advisors LLC increased its position in shares of CAE by 170.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 799 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of CAE during the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC bought a new stake in shares of CAE during the third quarter valued at approximately $42,000. Brown Brothers Harriman & Co. bought a new stake in shares of CAE during the fourth quarter valued at approximately $47,000. Finally, Asahi Life Asset Management CO. LTD. bought a new stake in shares of CAE during the fourth quarter valued at approximately $225,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

CAE stock opened at $25.32 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. The stock has a fifty day moving average price of $25.99 and a two-hundred day moving average price of $28.50. CAE Inc has a 52-week low of $22.76 and a 52-week high of $34.24. The firm has a market capitalization of $8.14 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.95 and a beta of 1.01.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data 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. CAE had a return on equity of 7.45% and a net margin of 6.36%.The firm had revenue of $953.79 million during the quarter, compared to analyst estimates of $924.83 million. During the same period in the prior year, the company posted $0.47 earnings per share. The business’s revenue for the quarter 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 anticipate that CAE Inc will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CAE. Jefferies Financial Group lowered their price objective on CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 17th. Weiss Ratings cut CAE from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded CAE from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, TD Securities restated a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. One research 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 company’s stock. According to data from MarketBeat, CAE has a consensus 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.