Korea Investment CORP Buys New Holdings in CAE Inc $CAE

Korea Investment CORP purchased a new position in CAE Inc (NYSE:CAE) (TSE:CAE) in the second quarter, Holdings Channel reports. The fund purchased 384,246 shares of the aerospace company’s stock, valued at approximately $9,617,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming increased its position in shares of CAE by 2.8% in the 4th quarter. State of Wyoming now owns 13,007 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 352 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of CAE by 3.0% during the 4th quarter. Sanctuary Advisors LLC now owns 12,596 shares of the aerospace company’s stock worth $383,000 after purchasing an additional 371 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of CAE by 0.8% during the first quarter. Sequoia Financial Advisors LLC now owns 50,271 shares of the aerospace company’s stock worth $1,310,000 after purchasing an additional 399 shares in the last quarter. United Services Automobile Association increased its holdings in CAE by 4.5% in the first 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. Finally, Creative Planning increased its holdings in CAE by 3.2% in the third quarter. Creative Planning now owns 16,423 shares of the aerospace company’s stock valued at $487,000 after buying an additional 507 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Down 0.7%

CAE stock opened at $24.74 on Tuesday. The company has a market cap of $7.95 billion, a P/E ratio of 34.85, 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 company’s 50-day moving average price is $25.64 and its 200 day moving average price is $26.70. 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 earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) 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 company had revenue of $826.42 million during the quarter, compared to analysts’ expectations of $796.86 million. During the same period last year, the company posted $0.21 earnings per share. The firm’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. On average, research analysts expect that CAE Inc will post 0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen downgraded CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 15th. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of CAE in a report on Thursday, August 13th. Finally, Weiss Ratings lowered shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Five equities research 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 data from MarketBeat.com, CAE has an average rating of “Hold” and an average target price of $31.00.

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.