CAE Inc $CAE Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 356.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,135,546 shares of the aerospace company’s stock after buying an additional 886,951 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.35% of CAE worth $33,267,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Browning West LP grew its holdings in CAE by 131.4% during the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock worth $337,742,000 after acquiring an additional 7,800,012 shares during the period. Norges Bank bought a new position in shares of CAE during the 2nd quarter valued at about $118,239,000. Select Equity Group L.P. grew its stake in shares of CAE by 16.7% in the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock worth $193,314,000 after purchasing an additional 1,122,470 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of CAE by 142.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after purchasing an additional 1,004,820 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of CAE by 15.6% in the 1st quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company’s stock worth $149,530,000 after purchasing an additional 822,037 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Price Performance

CAE opened at $27.34 on Friday. The firm has a market capitalization of $8.79 billion, a P/E ratio of 28.18, a PEG ratio of 2.07 and a beta of 1.19. The stock has a fifty day moving average of $27.50 and a 200-day moving average of $27.54. 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 12-month low of $20.36 and a 12-month high of $30.13.

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

Wall Street Analyst Weigh In

CAE has been the topic of several recent research reports. Zacks Research lowered shares of CAE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Scotiabank reissued an “outperform” rating on shares of CAE in a research note on Thursday, August 14th. Weiss Ratings restated a “hold (c+)” rating on shares of CAE in a report on Monday. TD Securities raised CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada decreased their price target on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

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.