Vanguard Group Inc. Increases Stake in CAE Inc $CAE

Vanguard Group Inc. boosted its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,380,797 shares of the aerospace company’s stock after purchasing an additional 229,270 shares during the quarter. Vanguard Group Inc.’s holdings in CAE were worth $406,923,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CAE. Millennium Management LLC purchased a new stake in CAE during the 1st quarter valued at about $4,170,000. Goldman Sachs Group Inc. grew its position in CAE by 142.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after purchasing an additional 1,004,820 shares during the last quarter. United Services Automobile Association grew its position in CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 462 shares during the last quarter. Prudential Financial Inc. purchased a new stake in CAE during the 2nd quarter valued at about $287,000. Finally, Marshall Wace LLP bought a new position in CAE during the 2nd quarter valued at about $3,655,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on CAE. TD Securities restated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Canaccord Genuity Group began coverage on shares of CAE in a research note on Friday, March 13th. They set a “buy” rating on the stock. Zacks Research cut shares of CAE from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Weiss Ratings cut shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group lowered their price objective on shares of CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

CAE Price Performance

Shares of NYSE:CAE opened at $27.08 on Thursday. The firm’s 50 day moving average price is $27.30 and its 200-day moving average price is $28.83. CAE Inc has a twelve month low of $23.88 and a twelve 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 stock has a market capitalization of $8.71 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 3.02 and a beta of 1.03.

CAE (NYSE:CAE) (TSE:CAE) last issued 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 firm had revenue of $911.78 million for the quarter, compared to analysts’ expectations of $922.62 million. During the same quarter in the prior year, the business earned $0.29 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts expect that CAE Inc will post 0.87 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.