CAE Inc $CAE Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,228,015 shares of the aerospace company’s stock after buying an additional 24,524 shares during the period. JPMorgan Chase & Co. owned approximately 0.38% of CAE worth $36,398,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Swiss Life Asset Management Ltd boosted its position in CAE by 13.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 62,670 shares of the aerospace company’s stock worth $1,858,000 after acquiring an additional 7,247 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in CAE in the third quarter worth about $42,000. Danske Bank A S bought a new position in CAE in the 3rd quarter valued at about $531,000. XTX Topco Ltd increased its stake in CAE by 225.6% during the 3rd quarter. XTX Topco Ltd now owns 30,798 shares of the aerospace company’s stock valued at $913,000 after buying an additional 21,340 shares during the period. Finally, Utah Retirement Systems bought a new stake in shares of CAE during the 3rd quarter worth about $1,058,000. Institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CAE. Scotiabank reiterated an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. Weiss Ratings lowered CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a research report on Sunday, February 15th. TD Securities reissued a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Finally, Canaccord Genuity Group initiated coverage on CAE in a research note on Friday, March 13th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.33.

CAE Trading Down 2.4%

CAE stock opened at $25.95 on Friday. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 3.06 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 firm’s 50 day moving average price is $30.69 and its two-hundred day moving average price is $29.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91.

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