CAE Inc $CAE Stake Boosted by Neuberger Berman Group LLC

Neuberger Berman Group LLC raised its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 382.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,521 shares of the aerospace company’s stock after buying an additional 40,842 shares during the quarter. Neuberger Berman Group LLC’s holdings in CAE were worth $1,507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of CAE by 49.7% in the 1st quarter. Cetera Investment Advisers now owns 17,045 shares of the aerospace company’s stock valued at $419,000 after acquiring an additional 5,659 shares in the last quarter. Phoenix Financial Ltd. acquired a new stake in CAE during the 2nd quarter valued at $10,309,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CAE during the 1st quarter valued at $11,365,000. National Bank of Canada FI lifted its holdings in shares of CAE by 15.6% in the first quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company’s stock valued at $149,530,000 after purchasing an additional 822,037 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of CAE in the second quarter worth $277,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Price Performance

Shares of CAE opened at $27.49 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. The firm has a market cap of $8.84 billion, a PE ratio of 29.88, a PEG ratio of 2.49 and a beta of 1.42. The firm’s 50 day moving average price is $27.65 and its 200 day moving average price is $27.48. CAE Inc has a twelve month low of $20.36 and a twelve month high of $30.13.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, topping 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 net margin of 8.70% and a return on equity of 7.92%. CAE’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 EPS. As a group, research analysts expect that CAE Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CAE has been the topic of several recent analyst reports. Zacks Research lowered CAE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. TD Securities upgraded CAE from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada decreased their price target on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a research report on Monday. Finally, Wall Street Zen downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CAE has a consensus rating of “Moderate Buy” and an average price target of $34.33.

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.