CAE Inc $CAE Stock: Cidel Asset Management Inc. Raises Stake

Cidel Asset Management Inc. raised its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 52.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 410,243 shares of the aerospace company’s stock after buying an additional 141,107 shares during the quarter. Cidel Asset Management Inc.’s holdings in CAE were worth $9,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of CAE by 18.5% during the 3rd quarter. Signaturefd LLC now owns 15,394 shares of the aerospace company’s stock worth $370,000 after purchasing an additional 2,402 shares in the last quarter. Cardinal Point Capital Management ULC increased its position in CAE by 2.9% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 79,929 shares of the aerospace company’s stock valued at $1,928,000 after buying an additional 2,268 shares in the last quarter. Assenagon Asset Management S.A. increased its position in CAE by 3.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 34,874 shares of the aerospace company’s stock valued at $841,000 after buying an additional 1,006 shares in the last quarter. Burkett Asset Management Ltd bought a new stake in CAE in the 3rd quarter valued at about $2,040,000. Finally, Legacy Wealth Asset Management LLC raised its stake in CAE by 13.2% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 34,854 shares of the aerospace company’s stock worth $837,000 after buying an additional 4,071 shares during the period. 67.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CAE shares. Jefferies Financial Group cut their price target on CAE from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Tuesday, October 13th. Weiss Ratings downgraded CAE from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of CAE in a report on Wednesday. Finally, Barclays began coverage on 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CAE presently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

CAE Trading Down 1.8%

NYSE:CAE opened at $25.80 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. CAE Inc has a one year low of $22.76 and a one year high of $34.24. The company has a market cap of $8.25 billion, a PE ratio of 36.34, a PEG ratio of 2.85 and a beta of 1.06. The firm has a 50-day moving average of $24.36 and a 200-day moving average of $26.61.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business 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 company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, equities research analysts expect that CAE Inc will post 0.87 EPS for the current fiscal year.

CAE Profile

CAE Inc is a Canadian technology company that develops simulation, training and operational-support solutions for the civil aviation, defense and security markets. Its products and services are designed to help organizations train personnel, evaluate mission readiness and improve safety and operational performance.

In civil aviation, CAE provides full-flight simulators, pilot and maintenance training, aviation training services and digital tools for airlines, business aviation operators and aircraft manufacturers.