Gabelli Funds LLC Takes Position in CAE Inc $CAE

Gabelli Funds LLC bought a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 35,256 shares of the aerospace company’s stock, valued at approximately $918,000.

A number of other large investors have also bought and sold shares of the stock. Millennium Management LLC bought a new stake in CAE in the first quarter valued at $4,170,000. Goldman Sachs Group Inc. raised its stake in CAE by 142.6% during 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 raised its stake in CAE by 4.5% during 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 during the period. Prudential Financial Inc. acquired a new stake in CAE in the second quarter valued at approximately $287,000. Finally, Marshall Wace LLP bought a new stake in shares of CAE during the second quarter valued at approximately $3,655,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CAE. Weiss Ratings downgraded shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada lowered their price objective on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 26th. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CAE currently has a consensus rating of “Hold” and an average target price of $31.00.

CAE Stock Performance

Shares of CAE stock opened at $25.83 on Friday. The firm has a 50-day moving average of $25.19 and a 200-day moving average of $27.49. The company has a market cap of $8.30 billion, a P/E ratio of 36.38, a P/E/G ratio of 2.85 and a beta of 1.01. 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.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company had revenue of $953.79 million for the quarter, compared to analyst estimates of $924.83 million. During the same period last year, the firm earned $0.47 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Equities research analysts forecast that CAE Inc will post 0.87 EPS for the current fiscal 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.