Mufg Securities Canada LTD. Cuts Position in CAE Inc $CAE

Mufg Securities Canada LTD. trimmed its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 4.7% during the second quarter, Holdings Channel reports. The firm owned 454,829 shares of the aerospace company’s stock after selling 22,506 shares during the quarter. Mufg Securities Canada LTD.’s holdings in CAE were worth $11,370,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Transamerica Financial Advisors LLC raised its holdings in shares of CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after buying an additional 799 shares during the period. Kestra Advisory Services LLC purchased a new position in CAE during the 4th quarter valued at about $41,000. CIBC Private Wealth Group LLC acquired a new position in CAE in the 3rd quarter valued at about $42,000. Tacita Capital Inc acquired a new position in CAE in the 2nd quarter valued at about $37,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in CAE during the fourth quarter worth about $47,000. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Price Performance

CAE stock opened at $24.16 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. The firm has a market capitalization of $7.74 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.85 and a beta of 1.01. The business’s 50-day moving average is $25.59 and its two-hundred day moving average is $26.46. CAE Inc has a 1 year low of $22.76 and a 1 year high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. CAE had a return on equity of 7.45% and a net margin of 6.36%.The business had revenue of $826.42 million during the quarter, compared to analysts’ expectations of $796.86 million. During the same quarter last year, the business posted $0.21 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Analysts anticipate that CAE Inc will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

CAE has been the topic of several research reports. Royal Bank Of Canada reduced their price target on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 26th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a report on Thursday, August 13th. Weiss Ratings cut shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Finally, National Bank Financial restated an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.