CAE Inc $CAE Stock Holdings Lessened by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lowered its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 81.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,625 shares of the aerospace company’s stock after selling 302,050 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in CAE were worth $2,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAE. Jupiter Asset Management Ltd. lifted its position in shares of CAE by 13.2% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 254,726 shares of the aerospace company’s stock worth $7,544,000 after acquiring an additional 29,686 shares during the period. Fiera Capital Corp raised its stake in shares of CAE by 18.9% in the third quarter. Fiera Capital Corp now owns 18,971 shares of the aerospace company’s stock valued at $562,000 after purchasing an additional 3,016 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of CAE by 4.1% in the third quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock valued at $389,430,000 after purchasing an additional 518,030 shares in the last quarter. JPMorgan Chase & Co. lifted its position in CAE by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 1,228,015 shares of the aerospace company’s stock worth $36,398,000 after purchasing an additional 24,524 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in CAE by 17.9% during the third quarter. PNC Financial Services Group Inc. now owns 10,033 shares of the aerospace company’s stock worth $297,000 after buying an additional 1,523 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Trading Up 1.0%

Shares of CAE stock opened at $30.00 on Monday. The company has a market capitalization of $9.65 billion, a P/E ratio of 36.14, a P/E/G ratio of 2.26 and a beta of 1.11. CAE Inc has a 12-month low of $20.36 and a 12-month high of $34.24. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $31.60 and a 200 day moving average price of $28.95.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. CAE had a net margin of 7.70% and a return on equity of 7.75%. The company had revenue of $911.78 million during the quarter, compared to analyst estimates of $922.62 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. Research analysts forecast that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CAE. TD Securities restated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Scotiabank reissued an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. Jefferies Financial Group reissued a “hold” rating on shares of CAE in a research report on Sunday, February 15th. Royal Bank Of Canada cut their price target on shares of 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 lowered CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.