TD Waterhouse Canada Inc. Boosts Holdings in CAE Inc $CAE

TD Waterhouse Canada Inc. boosted its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 179.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,017,238 shares of the aerospace company’s stock after acquiring an additional 1,296,031 shares during the period. TD Waterhouse Canada Inc.’s holdings in CAE were worth $50,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tacita Capital Inc acquired a new stake in shares of CAE in the second quarter valued at approximately $37,000. Transamerica Financial Advisors LLC lifted its stake in CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after buying an additional 799 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in CAE during the 4th quarter valued at $41,000. CIBC Private Wealth Group LLC acquired a new stake in CAE during the 3rd quarter valued at $42,000. Finally, Brown Brothers Harriman & Co. purchased a new position in CAE during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CAE shares. National Bank Financial reissued an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Weiss Ratings downgraded shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a report on Thursday, August 13th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

CAE Stock Performance

CAE stock opened at $24.49 on Friday. The stock has a fifty day moving average price of $25.53 and a 200 day moving average price of $26.31. CAE Inc has a 52 week low of $22.76 and a 52 week high of $34.24. The firm has a market capitalization of $7.85 billion, a P/E ratio of 34.49, a PEG ratio of 2.85 and a beta of 1.01. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly 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 firm had revenue of $826.42 million for the quarter, compared to analyst estimates of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Equities research analysts anticipate that CAE Inc will post 0.87 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.