OMERS ADMINISTRATION Corp Boosts Stock Holdings in CAE Inc $CAE

OMERS ADMINISTRATION Corp raised its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 267.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,060 shares of the aerospace company’s stock after purchasing an additional 37,900 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in CAE were worth $1,351,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CAE. Transamerica Financial Advisors LLC increased its holdings in shares of CAE by 170.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock worth $39,000 after buying an additional 799 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in CAE in the fourth quarter valued at $41,000. CIBC Private Wealth Group LLC acquired a new position in CAE in the third quarter valued at $42,000. Brown Brothers Harriman & Co. purchased a new stake in CAE during the fourth quarter valued at about $47,000. Finally, Purpose Unlimited Inc. acquired a new stake in CAE during the fourth quarter worth about $74,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Trading Down 0.5%

NYSE:CAE opened at $26.23 on Thursday. The business’s 50-day moving average is $25.21 and its two-hundred day moving average is $27.54. The firm has a market capitalization of $8.43 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. CAE Inc has a 12 month low of $22.76 and a 12 month 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 issued its earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 7.45% and a net margin of 6.36%.The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Research analysts predict that CAE Inc will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CAE. Wall Street Zen downgraded CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Royal Bank Of Canada decreased their target price on CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a report on Tuesday, May 26th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. National Bank Financial restated an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Finally, Morgan Stanley cut shares of 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $31.00.

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.