CAE Inc $CAE Stock Holdings Decreased by Fiera Capital Corp

Fiera Capital Corp lessened its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 97.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,955 shares of the aerospace company’s stock after selling 582,277 shares during the quarter. Fiera Capital Corp’s holdings in CAE were worth $467,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Browning West LP grew its holdings in shares of CAE by 131.4% during the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock valued at $337,742,000 after buying an additional 7,800,012 shares in the last quarter. Select Equity Group L.P. boosted its position in CAE by 16.7% during the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock worth $193,314,000 after acquiring an additional 1,122,470 shares during the period. Goldman Sachs Group Inc. grew its stake 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 acquiring an additional 1,004,820 shares in the last quarter. National Bank of Canada FI grew its stake in CAE by 15.6% during the 1st quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company’s stock valued at $149,530,000 after acquiring an additional 822,037 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of CAE by 61.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,684,174 shares of the aerospace company’s stock valued at $41,413,000 after purchasing an additional 640,678 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada lowered their price target on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $30.00 price target on shares of CAE in a research note on Monday, July 21st. Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.33.

CAE Trading Up 0.4%

Shares of NYSE:CAE opened at $26.41 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $8.49 billion, a PE ratio of 28.71, a P/E/G ratio of 2.49 and a beta of 1.42. CAE Inc has a 1 year low of $20.36 and a 1 year high of $30.13. The firm has a fifty day moving average price of $27.77 and a 200 day moving average price of $27.46.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $897.99 million for the quarter, compared to analyst estimates of $1.13 billion. CAE had a return on equity of 7.92% and a net margin of 8.70%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. Analysts expect that CAE Inc will post 0.83 EPS for the current fiscal year.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.