CIBC Asset Management Inc Has $9.53 Million Stake in CAE Inc $CAE

CIBC Asset Management Inc raised its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 322,137 shares of the aerospace company’s stock after purchasing an additional 16,281 shares during the quarter. CIBC Asset Management Inc owned 0.10% of CAE worth $9,528,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Brandes Investment Partners LP boosted its stake in shares of CAE by 4.4% during the 2nd quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock worth $433,287,000 after buying an additional 628,848 shares during the last quarter. Select Equity Group L.P. boosted its stake in CAE by 0.6% in the 2nd quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock valued at $231,350,000 after purchasing an additional 45,754 shares during the period. Norges Bank acquired a new position in shares of CAE in the second quarter valued at about $118,239,000. Bank of Nova Scotia grew its position in shares of CAE by 23.4% during the 2nd quarter. Bank of Nova Scotia now owns 2,331,094 shares of the aerospace company’s stock worth $68,299,000 after purchasing an additional 442,467 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in CAE by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 2,304,550 shares of the aerospace company’s stock worth $67,030,000 after acquiring an additional 303,196 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Trading Down 1.4%

Shares of CAE opened at $32.72 on Tuesday. The stock has a market cap of $10.53 billion, a PE ratio of 33.73, a P/E/G ratio of 2.50 and a beta of 1.15. CAE Inc has a twelve month low of $20.36 and a twelve month high of $34.24. The business’s 50-day moving average price is $29.94 and its 200-day moving average price is $28.62. 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 (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts forecast that CAE Inc will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CAE has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. TD Securities restated a “buy” rating on shares of CAE in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a research note on Monday, December 29th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research note on Wednesday, January 21st. Finally, Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.33.

CAE 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.