CAE Inc $CAE Shares Purchased by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. lifted its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,114,202 shares of the aerospace company’s stock after purchasing an additional 132,370 shares during the period. CAE accounts for 1.3% of Letko Brosseau & Associates Inc.’s holdings, making the stock its 29th biggest position. Letko Brosseau & Associates Inc.’s holdings in CAE were worth $99,193,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of CAE by 0.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 50,271 shares of the aerospace company’s stock valued at $1,310,000 after buying an additional 399 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in CAE by 6.0% during the first quarter. PNC Financial Services Group Inc. now owns 9,997 shares of the aerospace company’s stock worth $260,000 after buying an additional 570 shares during the last quarter. Parallel Advisors LLC increased its holdings in 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 buying an additional 797 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in CAE by 218.2% during the third quarter. Farther Finance Advisors LLC now owns 1,435 shares of the aerospace company’s stock worth $34,000 after buying an additional 984 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in CAE by 3.0% during the third quarter. Assenagon Asset Management S.A. now owns 34,874 shares of the aerospace company’s stock worth $841,000 after acquiring an additional 1,006 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

Trending Headlines about CAE

These are some of the CAE headlines that stood out recently:

• Positive Sentiment: Adjusted EPS was $0.24, beating the $0.19 consensus estimate by 25% and rising from $0.17 a year earlier. CAE also raised its FY2027 EPS guidance to $0.92–$0.97, above the $0.90 consensus. CAE reports second quarter fiscal 2027 results
• Negative Sentiment: Revenue declined 2.6% year over year to $1.205 billion and was below analyst expectations, tempering the earnings beat. CAE tops Q2 earnings estimates
• Neutral Sentiment: CAE began soliciting noteholder approval for an amendment to accounting-principle definitions in the indenture for its 5.541% notes due 2028. The announcement describes a technical indenture change, not a change to the notes’ principal or interest rate. CAE announces consent and proxy solicitation

Wall Street Analysts Forecast Growth

CAE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of CAE in a research note on Wednesday, October 28th. Jefferies Financial Group decreased their price objective on shares of CAE from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. Scotiabank restated an “outperform” rating on shares of CAE in a research note on Tuesday, October 27th. Weiss Ratings lowered shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, Barclays assumed coverage on shares of CAE in a report on Friday, October 9th. They issued an “overweight” rating and a $38.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

CAE Stock Performance

CAE opened at $28.15 on Friday. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.85 and a beta of 1.06. The business has a 50 day moving average of $24.84 and a 200-day moving average of $26.35. 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 issued its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $826.42 million during the quarter, compared to the consensus estimate of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. On average, equities research analysts expect that CAE Inc will post 0.87 earnings per share for the current year.

About CAE

CAE Inc. is a Canadian technology company that develops simulation and training solutions for the civil aviation and defense markets. Founded in 1947 and headquartered in Montreal, the company serves customers around the world. In civil aviation, CAE provides flight simulators, training devices, and pilot and crew training services to airlines, business aviation operators, aircraft manufacturers, and other aviation organizations. Its offerings support training across a range of aircraft types and operational needs.