Letko Brosseau & Associates Inc. Has $98.02 Million Holdings in CAE Inc $CAE

Letko Brosseau & Associates Inc. decreased its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,219,140 shares of the aerospace company’s stock after selling 32,000 shares during the quarter. CAE makes up about 1.6% of Letko Brosseau & Associates Inc.’s holdings, making the stock its 20th biggest position. Letko Brosseau & Associates Inc. owned approximately 1.00% of CAE worth $98,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new stake in CAE in the 3rd quarter worth approximately $42,000. Bessemer Group Inc. boosted its position in CAE by 26.0% during the third quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock valued at $164,000 after purchasing an additional 1,145 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in CAE during the fourth quarter valued at $225,000. Oppenheimer & Co. Inc. acquired a new stake in CAE during the fourth quarter valued at $228,000. Finally, Syon Capital LLC acquired a new stake in CAE during the fourth quarter valued at $246,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Performance

CAE stock opened at $25.60 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 36.05, a P/E/G ratio of 2.93 and a beta of 1.01. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The firm has a 50 day moving average of $26.03 and a two-hundred day moving average of $28.51.

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. The company had revenue of $953.79 million during the quarter, compared to the consensus estimate of $924.83 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, equities analysts anticipate that CAE Inc will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAE has been the subject of a number of research reports. Jefferies Financial Group reduced their price objective on CAE from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 17th. National Bank Financial reissued an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Scotiabank reissued an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Stifel Nicolaus initiated coverage on shares of CAE in a research report on Wednesday, March 4th. They issued a “buy” rating for the company. Finally, Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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.