D.A. Davidson & CO. Acquires Shares of 39,534 CAE Inc $CAE

D.A. Davidson & CO. bought a new position in CAE Inc (NYSE:CAE) (TSE:CAE) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,534 shares of the aerospace company’s stock, valued at approximately $1,172,000.

Several other institutional investors also recently bought and sold shares of the stock. Employees Retirement System of Texas acquired a new position in shares of CAE in the 2nd quarter valued at $80,000. Bessemer Group Inc. raised its position 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 acquiring an additional 3,447 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in shares of CAE during the 2nd quarter worth about $236,000. PNC Financial Services Group Inc. boosted its stake in shares of CAE by 11.1% during the 2nd 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of CAE during the 2nd quarter valued at about $265,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Up 1.0%

NYSE CAE opened at $33.04 on Friday. The business’s fifty day simple moving average is $28.58 and its 200-day simple moving average is $28.29. The company has a quick ratio of 0.59, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. The firm has a market cap of $10.63 billion, a PE ratio of 34.06, a P/E/G ratio of 2.49 and a beta of 1.15. CAE Inc has a 52 week low of $20.36 and a 52 week high of $33.21.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CAE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a report on Monday, December 29th. Royal Bank Of Canada reduced their target price 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, Zacks Research cut shares of CAE from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and an average price target of $34.33.

About CAE

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.