CAE Inc $CAE Shares Sold by UBS Group AG

UBS Group AG reduced its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 22.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 509,112 shares of the aerospace company’s stock after selling 145,826 shares during the period. UBS Group AG owned 0.16% of CAE worth $15,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sanctuary Advisors LLC boosted its holdings in shares of CAE by 3.0% during the 4th quarter. Sanctuary Advisors LLC now owns 12,596 shares of the aerospace company’s stock worth $383,000 after purchasing an additional 371 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of CAE by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock worth $406,923,000 after purchasing an additional 229,270 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of CAE by 61.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 192,636 shares of the aerospace company’s stock valued at $5,849,000 after buying an additional 73,118 shares during the period. Stanley Laman Group Ltd. raised its position in shares of CAE by 5.6% during the 4th quarter. Stanley Laman Group Ltd. now owns 194,624 shares of the aerospace company’s stock valued at $5,920,000 after buying an additional 10,317 shares during the period. Finally, Signaturefd LLC raised its position in shares of CAE by 12.1% during the 4th quarter. Signaturefd LLC now owns 11,908 shares of the aerospace company’s stock valued at $362,000 after buying an additional 1,288 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Up 0.8%

CAE stock opened at $26.21 on Thursday. CAE Inc has a twelve month low of $23.88 and a twelve month high of $34.24. The stock’s fifty day simple moving average is $26.99 and its 200-day simple moving average is $28.78. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $8.43 billion, a P/E ratio of 31.58, a P/E/G ratio of 2.97 and a beta of 1.03.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CAE. Weiss Ratings lowered shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Jefferies Financial Group cut their target price on CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 17th. Stifel Nicolaus started coverage on CAE in a research report on Wednesday, March 4th. They issued a “buy” rating on the stock. Finally, TD Securities reissued a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.33.

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.