CAE Inc (CAE) Holdings Decreased by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board lessened its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 14.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 519,725 shares of the aerospace company’s stock after selling 90,245 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.19% of CAE worth $9,072,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of CAE. Wellington Management Group LLP purchased a new position in shares of CAE during the 1st quarter worth $346,000. Vanguard Group Inc. lifted its stake in shares of CAE by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 5,634,957 shares of the aerospace company’s stock worth $86,159,000 after purchasing an additional 367,181 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of CAE by 19.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 222,215 shares of the aerospace company’s stock worth $3,398,000 after purchasing an additional 36,655 shares during the period. Bank of America Corp DE lifted its stake in shares of CAE by 5.0% during the 1st quarter. Bank of America Corp DE now owns 909,994 shares of the aerospace company’s stock worth $13,914,000 after purchasing an additional 43,315 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of CAE by 26.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 696,854 shares of the aerospace company’s stock worth $10,654,000 after purchasing an additional 147,783 shares during the period. 53.13% of the stock is currently owned by institutional investors.
CAE Inc (NYSE CAE) opened at $17.44 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.24. The firm has a market capitalization of $4,691.13, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.04 and a beta of 0.89. CAE Inc has a 52-week low of $13.75 and a 52-week high of $18.25.
CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, August 10th. The aerospace company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $699.76 million. CAE had a return on equity of 13.24% and a net margin of 8.96%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. analysts predict that CAE Inc will post 0.86 earnings per share for the current fiscal year.
CAE has been the topic of several research reports. Zacks Investment Research lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub lowered CAE from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets raised CAE from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research report on Wednesday, August 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.00.
CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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