Bastion Asset Management Inc. Invests $2.68 Million in CAE Inc $CAE

Bastion Asset Management Inc. purchased a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the first quarter, Holdings Channel reports. The institutional investor purchased 102,941 shares of the aerospace company’s stock, valued at approximately $2,682,000.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of CAE in the fourth quarter worth approximately $98,377,000. FIL Ltd boosted its holdings in shares of CAE by 21.9% during the fourth quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock worth $316,955,000 after purchasing an additional 1,874,739 shares during the period. TD Asset Management Inc grew its position in CAE by 82.5% during the fourth quarter. TD Asset Management Inc now owns 2,704,860 shares of the aerospace company’s stock valued at $82,364,000 after purchasing an additional 1,222,581 shares in the last quarter. Morgan Stanley increased its stake in CAE by 114.0% in the 4th quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company’s stock valued at $62,654,000 after buying an additional 1,097,193 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake 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 valued at $42,036,000 after buying an additional 1,004,820 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Up 0.6%

CAE stock opened at $24.66 on Friday. The firm has a market cap of $7.93 billion, a PE ratio of 34.74, a PEG ratio of 2.87 and a beta of 1.01. CAE Inc has a 1 year low of $22.76 and a 1 year high of $34.24. The company has a fifty day simple moving average of $25.40 and a 200 day simple moving average of $27.94. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last posted 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 firm had revenue of $953.79 million for the quarter, compared to the consensus estimate of $924.83 million. During the same period in the prior year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Sell-side analysts anticipate that CAE Inc will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on CAE. National Bank Financial reissued an “outperform” rating on shares of CAE in a research note 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. Jefferies Financial Group reiterated a “hold” rating and set a $26.00 price objective on shares of CAE in a report on Thursday, June 25th. Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.