Legal & General Group Plc Makes New Investment in CAE Inc $CAE

Legal & General Group Plc purchased a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,870,698 shares of the aerospace company’s stock, valued at approximately $46,822,000.

Other hedge funds have also modified their holdings of the company. Millennium Management LLC acquired a new stake in CAE during the first quarter valued at $4,170,000. Goldman Sachs Group Inc. increased its position in CAE by 142.6% in the 1st 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 last quarter. United Services Automobile Association raised its stake in shares of CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after purchasing an additional 462 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of CAE during the 2nd quarter worth about $287,000. Finally, Marshall Wace LLP acquired a new stake in shares of CAE during the 2nd quarter valued at about $3,655,000. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Performance

CAE opened at $24.28 on Friday. 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 company has a market cap of $7.78 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The stock has a 50-day moving average of $25.60 and a 200-day moving average of $26.56. CAE Inc has a 52-week low of $22.76 and a 52-week high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $796.86 million. During the same period last year, the business earned $0.21 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, equities research analysts forecast that CAE Inc will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CAE has been the subject of several recent research reports. Weiss Ratings cut CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Morgan Stanley cut shares of CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. National Bank Financial reissued an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Royal Bank Of Canada dropped their price target on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.