Generali Asset Management SPA SGR Invests $999,000 in CAE Inc $CAE

Generali Asset Management SPA SGR acquired a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 33,690 shares of the aerospace company’s stock, valued at approximately $999,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAE. United Services Automobile Association increased its stake in shares of CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after purchasing an additional 462 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in CAE by 0.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 129,445 shares of the aerospace company’s stock worth $3,770,000 after buying an additional 522 shares during the period. Public Sector Pension Investment Board increased its stake in CAE by 2.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 31,038 shares of the aerospace company’s stock worth $908,000 after buying an additional 600 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in CAE by 3.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,959 shares of the aerospace company’s stock valued at $555,000 after acquiring an additional 619 shares during the period. Finally, Corient Private Wealth LLC lifted its position in shares of CAE by 6.3% in the second quarter. Corient Private Wealth LLC now owns 13,067 shares of the aerospace company’s stock valued at $382,000 after acquiring an additional 770 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Stock Performance

NYSE CAE opened at $30.92 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.83 and a quick ratio of 0.59. CAE Inc has a 1-year low of $20.36 and a 1-year high of $31.68. The business has a 50 day simple moving average of $28.16 and a two-hundred day simple moving average of $28.09. The stock has a market capitalization of $9.94 billion, a PE ratio of 31.87, a P/E/G ratio of 2.34 and a beta of 1.15.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, beating 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 firm had revenue of $897.99 million during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company earned $0.24 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, research analysts predict that CAE Inc will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zacks Research cut CAE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Royal Bank Of Canada dropped their price target on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CAE in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CAE currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.