CAE Inc $CAE Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 43.9% during the first quarter, Holdings Channel reports. The institutional investor owned 29,851 shares of the aerospace company’s stock after selling 23,314 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CAE were worth $776,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in CAE during the fourth quarter worth about $98,377,000. FIL Ltd grew its stake in shares of CAE by 21.9% in 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 raised its holdings in shares of CAE by 82.5% in the 4th 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 lifted its stake in CAE by 114.0% during the fourth quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company’s stock valued at $62,654,000 after purchasing an additional 1,097,193 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in 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 last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CAE shares. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. National Bank Financial reiterated an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings cut CAE from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada cut 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. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, CAE presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

CAE Stock Performance

Shares of CAE opened at $25.55 on Friday. The company has a 50-day moving average of $25.50 and a two-hundred day moving average of $28.28. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 2.95 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 issued 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. The business had revenue of $953.79 million for the quarter, compared to the consensus estimate of $924.83 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.CAE’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, equities research analysts expect that CAE Inc will post 0.88 earnings per share for the current year.

CAE 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.