CAE Inc $CAE Stock Holdings Reduced by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 5.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,906,496 shares of the aerospace company’s stock after selling 110,742 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in CAE were worth $45,623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAE. Farther Finance Advisors LLC increased its stake in CAE by 218.2% during the third quarter. Farther Finance Advisors LLC now owns 1,435 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 984 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of CAE in the second quarter valued at approximately $36,000. Tacita Capital Inc acquired a new position in shares of CAE in the second quarter valued at approximately $37,000. Purpose Unlimited Inc. acquired a new position in shares of CAE in the fourth quarter valued at approximately $74,000. Finally, Parallel Advisors LLC grew its holdings in shares of CAE by 46.6% in the first quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock valued at $65,000 after purchasing an additional 797 shares in the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Up 1.0%

Shares of CAE traded up $0.24 during midday trading on Friday, hitting $24.15. The company had a trading volume of 408,708 shares, compared to its average volume of 787,502. CAE Inc has a 1 year low of $22.76 and a 1 year high of $34.24. The firm has a market capitalization of $7.72 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 0.96. The company’s 50-day simple moving average is $24.55 and its 200-day simple moving average is $25.35.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. CAE had a net margin of 6.36% and a return on equity of 7.45%. The firm had revenue of $826.42 million for the quarter, compared to analyst estimates of $796.86 million. During the same period in the prior year, the firm earned $0.21 earnings per share. 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. As a group, sell-side analysts expect that CAE Inc will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAE. Wall Street Zen lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Jefferies Financial Group dropped their price target on shares of CAE from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Tuesday. Barclays began coverage on CAE in a research report on Friday, October 9th. They set an “overweight” rating and a $38.00 price objective on the stock. Weiss Ratings lowered CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.33.

CAE Company Profile

CAE Inc is a Canadian technology and training company headquartered in Montreal, Quebec. Founded in 1947, the company develops simulation, training and operational-support solutions for aviation, defense and other safety-critical industries.

In civil aviation, CAE provides flight simulators, pilot and crew training, aviation software and related services to airlines, business aviation operators, aircraft manufacturers and other aviation organizations. Its offerings are designed to support pilot training, aircraft qualification, operational readiness and workforce development.

CAE also provides simulation-based training and mission-support solutions for defense and security customers, including military organizations and government agencies.