OMERS ADMINISTRATION Corp Invests $1.42 Million in CAE Inc $CAE

OMERS ADMINISTRATION Corp purchased a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 56,660 shares of the aerospace company’s stock, valued at approximately $1,418,000.

Several other large investors have also recently bought and sold shares of CAE. Osmosis Investment Management UK Ltd purchased a new stake in CAE in the 2nd quarter worth about $798,000. Sanctuary Advisors LLC purchased a new position in CAE during the 2nd quarter valued at about $649,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in CAE during the 2nd quarter valued at about $65,215,000. Bank of Nova Scotia acquired a new position in shares of CAE in the 2nd quarter valued at about $42,956,000. Finally, Korea Investment CORP purchased a new stake in shares of CAE in the second quarter worth approximately $9,617,000. 67.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. National Bank Financial restated an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada decreased their target price on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of CAE in a research note on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.00.

CAE Stock Up 1.0%

Shares of CAE stock opened at $25.27 on Thursday. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 35.59, a P/E/G ratio of 2.85 and a beta of 1.01. The stock has a 50-day simple moving average of $25.62 and a 200-day simple moving average of $26.62. 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 current ratio of 0.96 and a quick ratio of 0.77.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $826.42 million for the quarter, compared to the consensus estimate of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, equities research analysts expect that CAE Inc will post 0.87 earnings per share for the current fiscal year.

CAE Company 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.