Capital International Investors Has $38.86 Million Stake in CAE Inc $CAE

Capital International Investors decreased its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 20.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,312,232 shares of the aerospace company’s stock after selling 345,352 shares during the period. Capital International Investors owned 0.41% of CAE worth $38,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAE. Neuberger Berman Group LLC raised its holdings in shares of CAE by 382.5% during the second quarter. Neuberger Berman Group LLC now owns 51,521 shares of the aerospace company’s stock valued at $1,507,000 after purchasing an additional 40,842 shares during the period. Brandes Investment Partners LP increased its position in CAE by 4.4% in the 2nd quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock valued at $433,287,000 after buying an additional 628,848 shares in the last quarter. Cooper Creek Partners Management LLC bought a new stake in CAE in the 2nd quarter valued at about $5,854,000. Arrowstreet Capital Limited Partnership raised its stake in CAE by 356.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company’s stock worth $33,267,000 after buying an additional 886,951 shares during the period. Finally, Generali Asset Management SPA SGR bought a new position in CAE in the third quarter worth approximately $999,000. 67.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAE has been the topic of a number of recent research reports. Scotiabank reiterated an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Royal Bank Of Canada decreased 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. Weiss Ratings downgraded shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Stifel Nicolaus initiated coverage on shares of CAE in a research report on Wednesday, March 4th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.33.

CAE Stock Down 4.9%

CAE stock opened at $27.07 on Friday. The firm has a 50 day moving average price of $31.27 and a 200-day moving average price of $29.07. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. CAE Inc has a twelve month low of $20.36 and a twelve month high of $34.24. The company has a market capitalization of $8.71 billion, a P/E ratio of 32.61, a P/E/G ratio of 3.36 and a beta of 1.11.

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

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.