Callan Family Office LLC Makes New Investment in CAE Inc $CAE

Callan Family Office LLC bought a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 39,567 shares of the aerospace company’s stock, valued at approximately $992,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAE. K.J. Harrison & Partners Inc bought a new position in shares of CAE during the fourth quarter valued at about $1,222,000. Polar Asset Management Partners Inc. bought a new stake in shares of CAE in the 1st quarter valued at about $3,253,000. Vanguard Group Inc. boosted its holdings in CAE by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock valued at $406,923,000 after acquiring an additional 229,270 shares during the period. Alberta Investment Management Corp purchased a new position in CAE in the 2nd quarter worth approximately $2,159,000. Finally, Bank of America Corp DE boosted its stake in shares of CAE by 22.0% during the first quarter. Bank of America Corp DE now owns 1,701,002 shares of the aerospace company’s stock valued at $44,311,000 after purchasing an additional 307,265 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CAE shares. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. National Bank Financial reiterated an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Weiss Ratings cut CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.00.

CAE Trading Down 0.7%

CAE stock opened at $24.74 on Tuesday. 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 business’s fifty day simple moving average is $25.64 and its two-hundred day simple moving average is $26.70. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, beating 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 business had revenue of $826.42 million during the quarter, compared to analyst estimates of $796.86 million. During the same period last year, the business earned $0.21 EPS. CAE’s 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, equities analysts predict that CAE Inc will post 0.87 earnings per share for the current fiscal year.

About CAE

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.