Beutel Goodman & Co Ltd. Trims Holdings in CAE Inc $CAE

Beutel Goodman & Co Ltd. trimmed its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,528,538 shares of the aerospace company’s stock after selling 272,307 shares during the quarter. CAE comprises about 1.9% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 26th biggest holding. Beutel Goodman & Co Ltd. owned about 3.60% of CAE worth $337,195,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Employees Retirement System of Texas bought a new position in CAE during the 2nd quarter valued at approximately $80,000. Bessemer Group Inc. lifted its stake in shares of CAE by 360.9% in the second quarter. Bessemer Group Inc. now owns 4,402 shares of the aerospace company’s stock worth $129,000 after buying an additional 3,447 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in CAE during the 2nd quarter valued at $236,000. State of Wyoming increased its holdings in CAE by 39.4% in the 1st quarter. State of Wyoming now owns 8,431 shares of the aerospace company’s stock worth $207,000 after buying an additional 2,385 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of CAE by 11.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock worth $249,000 after acquiring an additional 851 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Performance

NYSE CAE opened at $27.34 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. CAE Inc has a twelve month low of $20.36 and a twelve month high of $30.13. The business has a 50-day moving average price of $27.53 and a 200-day moving average price of $27.52. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 2.05 and a beta of 1.19.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. CAE had a return on equity of 7.60% and a net margin of 8.98%.The company had revenue of $897.99 million for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts predict that CAE Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CAE has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of CAE in a report on Monday. Wall Street Zen lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Zacks Research downgraded shares of CAE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Scotiabank reiterated an “outperform” rating on shares of CAE in a research note on Thursday, August 14th. Finally, TD Securities upgraded CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CAE presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Company 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.