CAE Inc $CAE Shares Purchased by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC increased its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 138.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,261 shares of the aerospace company’s stock after buying an additional 32,075 shares during the period. Cardinal Point Capital Management ULC’s holdings in CAE were worth $1,436,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CAE in the 4th quarter valued at approximately $98,377,000. FIL Ltd lifted its position in shares of CAE by 21.9% during the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock worth $316,955,000 after purchasing an additional 1,874,739 shares during the last quarter. TD Asset Management Inc grew its stake in shares of CAE by 82.5% during the fourth quarter. TD Asset Management Inc now owns 2,704,860 shares of the aerospace company’s stock worth $82,364,000 after purchasing an additional 1,222,581 shares in the last quarter. Morgan Stanley grew its stake in shares of CAE by 114.0% during the fourth quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company’s stock worth $62,654,000 after purchasing an additional 1,097,193 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in CAE by 142.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after buying an additional 1,004,820 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CAE. Jefferies Financial Group dropped their price objective on CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 17th. Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Royal Bank Of Canada lowered their price target on CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a report on Tuesday, May 26th. Canaccord Genuity Group initiated coverage on shares of CAE in a report on Friday, March 13th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus began coverage on shares of CAE in a report on Wednesday, March 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

CAE Stock Performance

Shares of CAE stock opened at $24.96 on Thursday. The stock has a market capitalization of $8.03 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.90 and a beta of 1.01. CAE Inc has a 52-week low of $22.76 and a 52-week high of $34.24. The stock’s 50-day moving average price is $25.71 and its 200 day moving average price is $28.41. 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 announced its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates 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%. CAE’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, equities research analysts forecast that CAE Inc will post 0.88 EPS for the current year.

About CAE

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.