Caisse de depot et placement du Quebec Takes $773.83 Million Position in CAE Inc $CAE

Caisse de depot et placement du Quebec bought a new stake in CAE Inc (NYSE:CAE) (TSE:CAE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,917,402 shares of the aerospace company’s stock, valued at approximately $773,834,000. CAE accounts for approximately 1.1% of Caisse de depot et placement du Quebec’s portfolio, making the stock its 16th biggest position. Caisse de depot et placement du Quebec owned approximately 0.10% of CAE at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CAE. Jupiter Topco LLC purchased a new position in CAE during the 2nd quarter worth $162,919,000. Hsbc Holdings PLC purchased a new stake in shares of CAE in the second quarter valued at about $518,000. Canada Pension Plan Investment Board acquired a new stake in shares of CAE during the second quarter worth about $49,345,000. Legal & General Group Plc acquired a new stake in shares of CAE during the second quarter worth about $46,822,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of CAE during the second quarter worth about $52,968,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CAE. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. 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 note on Tuesday, May 26th. Weiss Ratings cut CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Five 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. According to data from MarketBeat.com, CAE has a consensus rating of “Hold” and an average price target of $31.00.

CAE Price Performance

Shares of NYSE:CAE opened at $25.02 on Wednesday. CAE Inc has a 52 week low of $22.76 and a 52 week high of $34.24. The company has a 50-day moving average price of $25.63 and a 200 day moving average price of $26.66. The company has a market cap of $8.04 billion, a P/E ratio of 35.24, a PEG ratio of 2.85 and a beta of 1.01. 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 issued its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $826.42 million during the quarter, compared to the consensus estimate of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Research analysts predict that CAE Inc will post 0.87 earnings per share 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.