State of Wyoming Purchases Shares of 21,487 CAE Inc $CAE

State of Wyoming acquired a new position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,487 shares of the aerospace company’s stock, valued at approximately $538,000.

Other large investors also recently made changes to their positions in the company. Transamerica Financial Advisors LLC lifted 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 valued at $39,000 after acquiring an additional 799 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in CAE in the 4th quarter valued at $41,000. CIBC Private Wealth Group LLC purchased a new position in CAE in the third quarter valued at about $42,000. Brown Brothers Harriman & Co. purchased a new position in CAE in the fourth quarter valued at about $47,000. Finally, Parallel Advisors LLC lifted its stake in shares of CAE by 46.6% during the first quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock worth $65,000 after purchasing an additional 797 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Price Performance

Shares of NYSE CAE opened at $27.14 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. CAE Inc has a fifty-two week low of $22.76 and a fifty-two week high of $34.24. The business has a 50 day moving average price of $25.65 and a two-hundred day moving average price of $26.94. The firm has a market cap of $8.72 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Jefferies Financial Group restated a “hold” rating on shares of CAE in a report on Thursday. Royal Bank Of Canada lowered their price objective on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 26th. Finally, Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Five equities research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.00.

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.