CAE Inc $CAE Stake Reduced by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 43.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,480 shares of the aerospace company’s stock after selling 47,931 shares during the quarter. Wellington Management Group LLP’s holdings in CAE were worth $1,536,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Korea Investment CORP grew its stake in shares of CAE by 1.4% in the first quarter. Korea Investment CORP now owns 195,249 shares of the aerospace company’s stock worth $4,800,000 after purchasing an additional 2,687 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of CAE by 10.8% in the first quarter. Cresset Asset Management LLC now owns 589,884 shares of the aerospace company’s stock worth $14,505,000 after purchasing an additional 57,373 shares in the last quarter. American Century Companies Inc. grew its stake in shares of CAE by 12.8% in the first quarter. American Century Companies Inc. now owns 2,964,515 shares of the aerospace company’s stock worth $72,885,000 after purchasing an additional 337,118 shares in the last quarter. OneAscent Investment Solutions LLC bought a new position in shares of CAE in the first quarter worth $749,000. Finally, Neuberger Berman Group LLC bought a new position in shares of CAE in the first quarter worth $263,000. Institutional investors own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TD Securities raised CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Scotiabank reissued an “outperform” rating on shares of CAE in a research note on Thursday, August 14th. National Bank Financial upgraded CAE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. CIBC restated a “neutral” rating on shares of CAE in a report on Thursday, May 15th. Finally, Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.67.

CAE Trading Down 0.2%

Shares of CAE stock opened at $26.97 on Monday. CAE Inc has a fifty-two week low of $17.34 and a fifty-two week high of $30.13. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.36. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $28.37 and a 200-day simple moving average of $26.10.

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

CAE Profile

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.