Connor Clark & Lunn Investment Management Ltd. Makes New $65.22 Million Investment in CAE Inc $CAE

Connor Clark & Lunn Investment Management Ltd. bought a new stake in CAE Inc (NYSE:CAE) (TSE:CAE) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,607,255 shares of the aerospace company’s stock, valued at approximately $65,215,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CAE. K.J. Harrison & Partners Inc purchased a new position in CAE in the 4th quarter valued at approximately $1,222,000. Polar Asset Management Partners Inc. purchased a new stake in CAE during the first quarter worth $3,253,000. Vanguard Group Inc. grew its holdings in CAE by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock valued at $406,923,000 after purchasing an additional 229,270 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in CAE in the second quarter valued at $2,159,000. Finally, Bank of America Corp DE increased its position in shares of CAE by 22.0% in the first quarter. Bank of America Corp DE now owns 1,701,002 shares of the aerospace company’s stock valued at $44,311,000 after buying an additional 307,265 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Price Performance

CAE stock opened at $24.91 on Monday. The company has a 50 day moving average price of $25.65 and a two-hundred day moving average price of $26.74. 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 stock has a market capitalization of $8.01 billion, a P/E ratio of 35.09, a PEG ratio of 2.85 and a beta of 1.01. CAE Inc has a one year low of $22.76 and a one year high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, topping 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%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, sell-side analysts expect that CAE Inc will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CAE. Weiss Ratings lowered shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of CAE in a research report on Thursday, August 13th. Royal Bank Of Canada reduced their target price on CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 26th. Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently 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.