Bank of Montreal Can Has $128.71 Million Holdings in CAE Inc $CAE

Bank of Montreal Can lifted its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,347,481 shares of the aerospace company’s stock after acquiring an additional 658,837 shares during the period. Bank of Montreal Can owned approximately 1.36% of CAE worth $128,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in shares of CAE by 0.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 50,079 shares of the aerospace company’s stock valued at $1,484,000 after purchasing an additional 394 shares during the period. United Services Automobile Association boosted its position in shares of CAE by 4.5% during the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after buying an additional 462 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of CAE by 0.8% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,684 shares of the aerospace company’s stock worth $1,768,000 after buying an additional 489 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of CAE by 0.4% during the second 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 in the last quarter. Finally, Public Sector Pension Investment Board raised its position 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 valued at $908,000 after buying an additional 600 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Price Performance

Shares of CAE opened at $28.44 on Thursday. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 3.36 and a beta of 1.11. CAE Inc has a 1-year low of $20.36 and a 1-year high of $34.24. The company’s fifty day simple moving average is $31.34 and its 200 day simple moving average is $29.08. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. CAE had a net margin of 7.70% and a return on equity of 7.75%. The firm had revenue of $911.78 million during the quarter, compared to analysts’ expectations of $922.62 million. During the same quarter last year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts forecast that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CAE shares. Weiss Ratings cut shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada cut their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. TD Securities reiterated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus assumed coverage on shares of CAE in a research report on Wednesday, March 4th. They set a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.