TD Waterhouse Canada Inc. Raises Stock Position in CAE Inc $CAE

TD Waterhouse Canada Inc. grew its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 179.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,017,238 shares of the aerospace company’s stock after buying an additional 1,296,031 shares during the period. TD Waterhouse Canada Inc. owned 0.63% of CAE worth $50,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAE. Caisse de depot et placement du Quebec purchased a new stake in CAE in the second quarter valued at $773,834,000. Brandes Investment Partners LP increased its position in CAE by 1.1% during the fourth 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. boosted its stake in shares of CAE by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock worth $406,923,000 after buying an additional 229,270 shares during the period. FIL Ltd increased its stake in 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 buying an additional 1,874,739 shares during the period. Finally, Select Equity Group L.P. increased its stake in CAE by 0.6% in the 2nd quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock valued at $231,350,000 after buying an additional 45,754 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on CAE. Royal Bank Of Canada reduced 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. Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Finally, Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Five 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.00.

CAE Trading Up 3.2%

Shares of CAE stock opened at $24.49 on Friday. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. The stock has a market cap of $7.85 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The company has a 50-day moving average of $25.53 and a two-hundred day moving average of $26.31.

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

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.