Cibc World Market Inc. Sells 409,867 Shares of CAE Inc $CAE

Cibc World Market Inc. trimmed its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 21.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,526,360 shares of the aerospace company’s stock after selling 409,867 shares during the quarter. Cibc World Market Inc.’s holdings in CAE were worth $46,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAE. Millennium Management LLC bought a new stake in shares of CAE during the 1st quarter valued at $4,170,000. Goldman Sachs Group Inc. boosted its holdings 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 worth $42,036,000 after buying an additional 1,004,820 shares during the period. United Services Automobile Association increased its stake in CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after buying an additional 462 shares in the last quarter. Prudential Financial Inc. purchased a new stake in CAE in the 2nd quarter worth $287,000. Finally, Marshall Wace LLP bought a new stake in CAE during the second quarter valued at about $3,655,000. Institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

CAE has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price objective on CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 26th. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Weiss Ratings downgraded CAE from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Jefferies Financial Group cut their price objective on shares of CAE from $31.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 17th. Finally, TD Securities reissued a “buy” rating on shares of CAE in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

CAE Price Performance

Shares of CAE stock opened at $25.47 on Friday. The firm has a market cap of $8.19 billion, a PE ratio of 35.87, a PEG ratio of 2.90 and a beta of 1.01. The stock has a 50 day moving average of $26.09 and a 200 day moving average of $28.52. 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 Inc has a 12 month low of $22.76 and a 12 month high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. CAE had a return on equity of 7.45% and a net margin of 6.36%.The business had revenue of $953.79 million for the quarter, compared to analysts’ expectations of $924.83 million. During the same period in the prior year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, research analysts expect that CAE Inc will post 0.88 EPS for the current fiscal year.

CAE Company 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.