TD Asset Management Inc Has $82.36 Million Holdings in CAE Inc $CAE

TD Asset Management Inc grew its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 82.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,704,860 shares of the aerospace company’s stock after acquiring an additional 1,222,581 shares during the quarter. TD Asset Management Inc’s holdings in CAE were worth $82,364,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CIBC Private Wealth Group LLC acquired a new position in CAE in the 3rd quarter worth about $42,000. Bessemer Group Inc. increased its position in CAE by 26.0% in the 3rd quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock worth $164,000 after purchasing an additional 1,145 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in CAE in the 4th quarter worth about $225,000. Oppenheimer & Co. Inc. acquired a new position in shares of CAE during the 4th quarter valued at about $228,000. Finally, United Services Automobile Association increased its holdings 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 valued at $265,000 after acquiring an additional 462 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group lowered their price objective on CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 17th. Royal Bank Of Canada lowered their price objective on CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 26th. TD Securities reissued a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Weiss Ratings lowered CAE from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Finally, Wall Street Zen raised CAE from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

CAE Price Performance

Shares of NYSE:CAE opened at $25.50 on Friday. The business has a 50 day moving average price of $26.06 and a 200 day moving average price of $28.50. CAE Inc has a twelve month low of $22.76 and a twelve month high of $34.24. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 2.97 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 announced its earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, beating 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 firm had revenue of $953.79 million during the quarter, compared to the consensus estimate of $924.83 million. During the same quarter in the prior year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Research analysts predict that CAE Inc will post 0.88 earnings per share for the current year.

CAE Company 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.