Jupiter Topco LLC Acquires Shares of 6,509,035 CAE Inc $CAE

Jupiter Topco LLC bought a new position in CAE Inc (NYSE:CAE) (TSE:CAE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,509,035 shares of the aerospace company’s stock, valued at approximately $162,919,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAE. Millennium Management LLC purchased a new stake in shares of CAE in the first quarter worth approximately $4,170,000. Goldman Sachs Group Inc. grew its holdings in CAE by 142.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after buying an additional 1,004,820 shares in the last quarter. United Services Automobile Association raised its position in CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after buying an additional 462 shares during the last quarter. Prudential Financial Inc. bought a new position in CAE during the 2nd quarter valued at $287,000. Finally, Marshall Wace LLP bought a new position in CAE during the 2nd quarter valued at $3,655,000. 67.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAE has been the subject of a number of recent analyst reports. Morgan Stanley downgraded shares of CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of CAE in a report on Thursday, August 13th. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings downgraded CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CAE currently has an average rating of “Hold” and a consensus price target of $31.00.

CAE Stock Up 1.0%

Shares of NYSE CAE opened at $25.27 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The company has a market cap of $8.12 billion, a P/E ratio of 35.59, a P/E/G ratio of 2.85 and a beta of 1.01. CAE Inc has a 52 week low of $22.76 and a 52 week high of $34.24. The business has a 50-day simple moving average of $25.62 and a two-hundred day simple moving average of $26.62.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $826.42 million for the quarter, compared to analysts’ expectations of $796.86 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Research analysts anticipate 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.