Senvest Management LLC Takes Position in CAE Inc $CAE

Senvest Management LLC purchased a new position in CAE Inc (NYSE:CAE) (TSE:CAE) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 370,000 shares of the aerospace company’s stock, valued at approximately $9,638,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in CAE during the first quarter worth about $6,881,000. Renaissance Technologies LLC purchased a new stake in shares of CAE in the 1st quarter valued at about $6,822,000. Gabelli Funds LLC purchased a new stake in shares of CAE in the 1st quarter valued at about $918,000. Arrowstreet Capital Limited Partnership boosted its position in shares of CAE by 13.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 67,275 shares of the aerospace company’s stock valued at $1,752,000 after acquiring an additional 8,029 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of CAE by 20.0% during the 1st quarter. State of Wyoming now owns 15,605 shares of the aerospace company’s stock valued at $406,000 after acquiring an additional 2,598 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

CAE has been the topic of several research analyst reports. Weiss Ratings cut shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Jefferies Financial Group reiterated a “hold” rating and set a $26.00 target price on shares of CAE in a research report on Thursday, June 25th. Royal Bank Of Canada cut their price target on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 26th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and an average price target of $31.00.

CAE Price Performance

CAE opened at $25.18 on Friday. The stock has a 50-day moving average price of $25.22 and a 200-day moving average price of $27.70. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $8.09 billion, a P/E ratio of 35.47, a PEG ratio of 2.85 and a beta of 1.01.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $953.79 million for the quarter, compared to analyst estimates of $924.83 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Equities analysts predict that CAE Inc will post 0.87 earnings per share 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.