CAE Inc. (NYSE:CAE) Shares Sold by Auxier Asset Management

Auxier Asset Management cut its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 51,830 shares of the aerospace company’s stock after selling 1,000 shares during the period. Auxier Asset Management’s holdings in CAE were worth $1,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CAE. Caisse DE Depot ET Placement DU Quebec raised its position in CAE by 25.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock worth $784,651,000 after buying an additional 6,313,165 shares during the last quarter. JARISLOWSKY FRASER Ltd increased its stake in shares of CAE by 7.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company’s stock worth $606,697,000 after acquiring an additional 1,702,904 shares during the period. Brandes Investment Partners LP raised its holdings in CAE by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock worth $378,459,000 after purchasing an additional 221,205 shares in the last quarter. Vanguard Group Inc. raised its holdings in CAE by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock worth $310,134,000 after purchasing an additional 181,807 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in CAE in the fourth quarter valued at about $201,771,000. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Trading Up 0.5%

Shares of CAE stock opened at $25.03 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $24.33 and a 200-day simple moving average of $23.94. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The stock has a market cap of $8.02 billion, a P/E ratio of -48.13, a P/E/G ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The company had revenue of $886.20 million during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts forecast that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CAE has been the topic of several recent analyst reports. Wall Street Zen upgraded CAE from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 19th. BMO Capital Markets restated an “outperform” rating on shares of CAE in a research note on Wednesday, May 14th. Royal Bank of Canada cut CAE from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $41.00 to $38.00 in a research report on Wednesday. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group upped their price target on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.33.

CAE 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.