Global Alpha Capital Management Ltd. Acquires New Stake in CAE Inc $CAE

Global Alpha Capital Management Ltd. acquired a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 720,900 shares of the aerospace company’s stock, valued at approximately $21,923,000. Global Alpha Capital Management Ltd. owned 0.22% of CAE at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of CAE by 63.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,326 shares of the aerospace company’s stock valued at $649,000 after acquiring an additional 8,292 shares during the period. State of Wyoming grew its position in CAE by 2.8% in the fourth quarter. State of Wyoming now owns 13,007 shares of the aerospace company’s stock worth $396,000 after buying an additional 352 shares during the last quarter. TD Asset Management Inc grew its position in CAE by 82.5% in the fourth quarter. TD Asset Management Inc now owns 2,704,860 shares of the aerospace company’s stock worth $82,364,000 after buying an additional 1,222,581 shares during the last quarter. CIBC Asset Management Inc grew its position in CAE by 243.9% in the fourth quarter. CIBC Asset Management Inc now owns 1,107,936 shares of the aerospace company’s stock worth $34,376,000 after buying an additional 785,799 shares during the last quarter. Finally, Norges Bank acquired a new position in CAE in the fourth quarter worth approximately $98,377,000. 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. Weiss Ratings lowered shares of CAE from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. National Bank Financial restated an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. TD Securities restated a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Stifel Nicolaus started coverage on shares of CAE in a research report on Wednesday, March 4th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

CAE Trading Up 0.2%

Shares of NYSE:CAE opened at $25.50 on Friday. The firm has a fifty day moving average of $26.06 and a two-hundred day moving average of $28.50. The firm has a market capitalization of $8.20 billion, a P/E ratio of 35.92, a price-to-earnings-growth ratio of 2.97 and a beta of 1.01. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24. 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 Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $953.79 million during the quarter, compared to analyst estimates of $924.83 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, equities analysts expect that CAE Inc will post 0.88 EPS for the current fiscal 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.