NewGen Asset Management Ltd Buys Shares of 158,200 CAE Inc $CAE

NewGen Asset Management Ltd purchased a new position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 158,200 shares of the aerospace company’s stock, valued at approximately $4,121,000. CAE makes up about 1.6% of NewGen Asset Management Ltd’s holdings, making the stock its 12th biggest position.

A number of other institutional investors also recently made changes to their positions in CAE. Norges Bank bought a new position in shares of CAE in the fourth quarter valued at approximately $98,377,000. FIL Ltd raised its holdings in CAE by 21.9% during the fourth quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock worth $316,955,000 after purchasing an additional 1,874,739 shares in the last quarter. TD Asset Management Inc raised its holdings in CAE by 82.5% during the fourth quarter. TD Asset Management Inc now owns 2,704,860 shares of the aerospace company’s stock worth $82,364,000 after purchasing an additional 1,222,581 shares in the last quarter. Morgan Stanley lifted its position in CAE by 114.0% in the fourth quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company’s stock worth $62,654,000 after purchasing an additional 1,097,193 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in CAE by 142.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after purchasing an additional 1,004,820 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CAE. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a $26.00 target price on shares of CAE in a research note on Thursday, June 25th. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Finally, Weiss Ratings upgraded shares of CAE from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.00.

CAE Trading Down 0.6%

CAE stock opened at $24.55 on Tuesday. 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. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 2.90 and a beta of 1.01. The company has a 50 day moving average price of $25.32 and a 200 day moving average price of $27.85.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $953.79 million for 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 company’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Research analysts forecast that CAE Inc will post 0.87 EPS for the current 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.