CAE Inc $CAE Position Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 11.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,756 shares of the aerospace company’s stock after purchasing an additional 2,216 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CAE were worth $637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triasima Portfolio Management inc. acquired a new position in CAE in the second quarter worth approximately $4,618,000. Shell Asset Management Co. grew its position in CAE by 36.3% during the 2nd quarter. Shell Asset Management Co. now owns 64,884 shares of the aerospace company’s stock worth $1,898,000 after purchasing an additional 17,297 shares in the last quarter. Clarius Group LLC grew its position in CAE by 11.2% during the 2nd quarter. Clarius Group LLC now owns 11,136 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 1,122 shares in the last quarter. Truist Financial Corp grew its position in CAE by 5.6% during the 2nd quarter. Truist Financial Corp now owns 67,272 shares of the aerospace company’s stock worth $1,969,000 after purchasing an additional 3,580 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in CAE during the 2nd quarter worth approximately $277,000. Institutional investors own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

CAE has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of CAE in a research report on Wednesday, October 8th. Jefferies Financial Group reiterated a “hold” rating and set a $30.00 price objective on shares of CAE in a research report on Monday, July 21st. Scotiabank reiterated an “outperform” rating on shares of CAE in a research report on Thursday, August 14th. The Goldman Sachs Group initiated coverage on shares of CAE in a research report on Monday, June 30th. They set a “buy” rating and a $33.00 price objective on the stock. Finally, Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.67.

CAE Stock Up 0.7%

CAE stock opened at $28.26 on Wednesday. CAE Inc has a twelve month low of $17.58 and a twelve month high of $30.13. The company has a market cap of $9.06 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business’s 50-day simple moving average is $27.57 and its 200 day simple moving average is $26.86. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business earned $0.21 earnings per share. On average, research analysts anticipate that CAE Inc will post 0.83 earnings per share for the current year.

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.