Lazard Asset Management LLC Purchases Shares of 70,097 CAE Inc $CAE

Lazard Asset Management LLC purchased a new position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 70,097 shares of the aerospace company’s stock, valued at approximately $1,826,000.

Several other large investors also recently modified their holdings of CAE. Millennium Management LLC bought a new position in CAE during the first quarter worth $4,170,000. Goldman Sachs Group Inc. raised its holdings in shares of CAE by 142.6% during 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 purchasing an additional 1,004,820 shares during the period. United Services Automobile Association boosted its position in shares of 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 purchasing an additional 462 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of CAE in the 2nd quarter valued at about $287,000. Finally, Marshall Wace LLP acquired a new stake in shares of CAE in the 2nd quarter valued at about $3,655,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

CAE stock opened at $26.45 on Tuesday. 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 firm has a market cap of $8.50 billion, a PE ratio of 37.25, a P/E/G ratio of 2.85 and a beta of 1.01. The business has a 50 day moving average of $25.31 and a 200-day moving average of $27.40. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 earnings per share 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 quarter in the previous year, the firm earned $0.47 earnings per share. The business’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. As a group, sell-side analysts expect that CAE Inc will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

CAE has been the subject of a number of research analyst reports. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Weiss Ratings cut CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Royal Bank Of Canada lowered their target price on CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $26.00 target price on shares of CAE in a report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.00.

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.