Vanguard Group Inc. Raises Stock Holdings in CAE Inc $CAE

Vanguard Group Inc. increased its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,363,008 shares of the aerospace company’s stock after buying an additional 149,142 shares during the quarter. Vanguard Group Inc. owned about 3.86% of CAE worth $303,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAE. Scotia Capital Inc. grew its stake in shares of CAE by 28.6% in the first quarter. Scotia Capital Inc. now owns 203,076 shares of the aerospace company’s stock valued at $4,982,000 after buying an additional 45,196 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CAE by 2.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company’s stock valued at $1,803,000 after purchasing an additional 2,062 shares during the last quarter. TD Asset Management Inc boosted its holdings in CAE by 2.1% in the first quarter. TD Asset Management Inc now owns 1,574,426 shares of the aerospace company’s stock valued at $38,703,000 after purchasing an additional 31,697 shares during the last quarter. Cetera Investment Advisers boosted its holdings in CAE by 49.7% in the first quarter. Cetera Investment Advisers now owns 17,045 shares of the aerospace company’s stock valued at $419,000 after purchasing an additional 5,659 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its holdings in CAE by 6.5% in the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company’s stock valued at $443,000 after purchasing an additional 1,099 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Trading Down 2.0%

Shares of NYSE CAE opened at $27.46 on Monday. CAE Inc has a 12-month low of $17.26 and a 12-month high of $30.13. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. The stock’s 50 day simple moving average is $28.32 and its 200 day simple moving average is $25.86.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $806.92 million for the quarter, compared to the consensus estimate of $1.12 billion. CAE had a return on equity of 7.92% and a net margin of 8.70%. During the same quarter in the previous year, the business earned $0.21 EPS. Equities research analysts expect that CAE Inc will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of CAE in a report on Wednesday, May 14th. The Goldman Sachs Group assumed coverage on CAE in a report on Monday, June 30th. They set a “buy” rating and a $33.00 target price on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $30.00 target price on shares of CAE in a report on Monday, July 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CAE in a report on Monday, July 7th. Finally, Scotiabank reissued an “outperform” rating on shares of CAE in a report on Thursday. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, CAE presently has a consensus rating of “Moderate Buy” and an average price target of $33.67.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.