CAE Inc. (NYSE:CAE) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in CAE Inc. (NYSE:CAEGet Rating) (TSE:CAE) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,725 shares of the aerospace company’s stock after selling 2,508 shares during the quarter. Truist Financial Corp’s holdings in CAE were worth $1,391,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. US Bancorp DE raised its stake in CAE by 24.2% during the second quarter. US Bancorp DE now owns 3,937 shares of the aerospace company’s stock worth $98,000 after acquiring an additional 767 shares during the period. Crossmark Global Holdings Inc. raised its stake in CAE by 4.2% during the second quarter. Crossmark Global Holdings Inc. now owns 20,910 shares of the aerospace company’s stock worth $515,000 after acquiring an additional 850 shares during the period. Parallel Advisors LLC raised its stake in CAE by 135.1% during the second quarter. Parallel Advisors LLC now owns 1,535 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 882 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in CAE by 42.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,085 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 1,223 shares during the period. Finally, Amundi raised its stake in CAE by 2.0% during the second quarter. Amundi now owns 139,392 shares of the aerospace company’s stock worth $3,287,000 after acquiring an additional 2,716 shares during the period. Institutional investors and hedge funds own 62.00% of the company’s stock.

Analysts Set New Price Targets

CAE has been the topic of several research reports. National Bank Financial dropped their price objective on shares of CAE from C$38.00 to C$33.00 in a research note on Wednesday, November 2nd. TD Securities upped their target price on shares of CAE from C$33.00 to C$34.00 in a research report on Friday, November 11th. Morgan Stanley upgraded shares of CAE from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 12th. The Goldman Sachs Group decreased their target price on shares of CAE from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, November 14th. Finally, Scotiabank upped their target price on shares of CAE from C$30.00 to C$35.00 in a research report on Friday, November 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and a consensus target price of $33.25.

CAE Trading Down 1.4 %

CAE stock opened at $21.15 on Thursday. The firm has a 50 day simple moving average of $20.57 and a 200-day simple moving average of $20.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.03 and a quick ratio of 0.76. The stock has a market capitalization of $6.72 billion, a PE ratio of 68.23, a price-to-earnings-growth ratio of 2.63 and a beta of 1.63. CAE Inc. has a 12-month low of $15.23 and a 12-month high of $27.97.

CAE (NYSE:CAEGet Rating) (TSE:CAE) last posted its quarterly earnings data on Thursday, November 10th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $761.42 million during the quarter, compared to analysts’ expectations of $692.72 million. CAE had a net margin of 3.42% and a return on equity of 5.60%. As a group, equities research analysts expect that CAE Inc. will post 0.65 EPS for the current fiscal year.

About CAE

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CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions worldwide. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally enabled crew management, training operations solutions, and optimization software.

See Also

Institutional Ownership by Quarter for CAE (NYSE:CAE)

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