Quantbot Technologies LP Has $743,000 Stock Position in CAE Inc $CAE

Quantbot Technologies LP lessened its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 48.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,076 shares of the aerospace company’s stock after selling 23,363 shares during the period. Quantbot Technologies LP’s holdings in CAE were worth $743,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CAE. Employees Retirement System of Texas bought a new stake in shares of CAE during the 2nd quarter worth approximately $80,000. Bessemer Group Inc. boosted its holdings in shares of CAE by 26.0% in the 3rd 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 last quarter. Vestmark Advisory Solutions Inc. bought a new position in shares of CAE in the second quarter valued at $236,000. PNC Financial Services Group Inc. grew its stake in shares of CAE by 11.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock valued at $249,000 after buying an additional 851 shares in the last quarter. Finally, United Services Automobile Association increased its holdings in CAE by 4.5% during the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after buying an additional 462 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Trading Down 1.6%

Shares of CAE stock opened at $29.64 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69. The business has a fifty day simple moving average of $31.47 and a two-hundred day simple moving average of $29.05. CAE Inc has a 1 year low of $20.36 and a 1 year high of $34.24. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 3.50 and a beta of 1.11.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The firm had revenue of $911.78 million for the quarter, compared to the consensus estimate of $922.62 million. CAE had a net margin of 7.70% and a return on equity of 7.75%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. Research analysts forecast that CAE Inc will post 0.83 EPS for the current year.

Analysts Set New Price Targets

CAE has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a research note on Sunday, February 15th. Scotiabank restated an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. Weiss Ratings cut shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. TD Securities reiterated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada reduced their price target on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CAE currently has an average rating of “Moderate Buy” and an average price target of $34.33.

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.