Plato Investment Management Ltd Has $552,000 Stock Holdings in CAE Inc $CAE

Plato Investment Management Ltd decreased its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 52.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,052 shares of the aerospace company’s stock after selling 19,852 shares during the period. Plato Investment Management Ltd’s holdings in CAE were worth $552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAE. CIBC Private Wealth Group LLC bought a new stake in CAE in the third quarter valued at approximately $42,000. Bessemer Group Inc. raised its stake in CAE by 26.0% in the third quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock valued at $164,000 after buying an additional 1,145 shares during the period. Oppenheimer & Co. Inc. bought a new stake in CAE in the fourth quarter valued at approximately $228,000. United Services Automobile Association raised its stake in CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after buying an additional 462 shares during the period. Finally, Caprock Group LLC bought a new stake in CAE in the third quarter valued at approximately $280,000. Institutional investors own 67.36% of the company’s stock.

CAE Price Performance

Shares of NYSE CAE opened at $26.96 on Monday. The firm has a market cap of $8.67 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 3.07 and a beta of 1.03. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. CAE Inc has a 1-year low of $23.88 and a 1-year high of $34.24. The business’s 50 day moving average is $27.26 and its 200-day moving average is $28.83.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, topping 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 firm had revenue of $911.78 million for the quarter, compared to analyst estimates of $922.62 million. During the same quarter last year, the company earned $0.29 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that CAE Inc will post 0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CAE. Jefferies Financial Group dropped their price objective on CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 17th. Stifel Nicolaus began coverage on CAE in a research note on Wednesday, March 4th. They issued a “buy” rating on the stock. Zacks Research lowered CAE from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Canaccord Genuity Group started coverage on CAE in a research note on Friday, March 13th. They issued a “buy” rating on the stock. Finally, TD Securities reiterated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

CAE Company Profile

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.