Polar Asset Management Partners Inc. Buys New Holdings in CAE Inc $CAE

Polar Asset Management Partners Inc. purchased a new position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 125,000 shares of the aerospace company’s stock, valued at approximately $3,253,000.

A number of other institutional investors have also recently bought and sold shares of CAE. Transamerica Financial Advisors LLC raised its stake in CAE by 170.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after buying an additional 799 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of CAE in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC bought a new position in shares of CAE during the 3rd quarter worth approximately $42,000. Brown Brothers Harriman & Co. acquired a new position in shares of CAE during the 4th quarter worth approximately $47,000. Finally, Parallel Advisors LLC increased its holdings in shares of CAE by 46.6% during the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 797 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

CAE has been the topic of a number of research analyst reports. Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Morgan Stanley downgraded shares of CAE from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 15th. Royal Bank Of Canada dropped their price objective on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 26th. National Bank Financial restated an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. Finally, Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.00.

CAE Stock Performance

NYSE CAE opened at $25.80 on Tuesday. The firm has a 50-day moving average price of $25.22 and a two-hundred day moving average price of $27.63. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24. The company has a market capitalization of $8.29 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.85 and a beta of 1.01. 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 (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company had revenue of $953.79 million for the quarter, compared to analysts’ expectations of $924.83 million. During the same period last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Analysts anticipate that CAE Inc will post 0.87 earnings per share for the current 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.