Neuberger Berman Group LLC Acquires 40,842 Shares of CAE Inc $CAE

Neuberger Berman Group LLC increased its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 382.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,521 shares of the aerospace company’s stock after acquiring an additional 40,842 shares during the quarter. Neuberger Berman Group LLC’s holdings in CAE were worth $1,507,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Browning West LP boosted its position in CAE by 131.4% during the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock worth $337,742,000 after purchasing an additional 7,800,012 shares during the period. Norges Bank acquired a new stake in shares of CAE during the 2nd quarter worth about $118,239,000. Select Equity Group L.P. boosted its holdings in shares of CAE by 16.7% during the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock worth $193,314,000 after buying an additional 1,122,470 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of CAE by 142.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after buying an additional 1,004,820 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in CAE by 356.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company’s stock valued at $33,267,000 after buying an additional 886,951 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CAE. Weiss Ratings restated a “hold (c+)” rating on shares of CAE in a report on Monday, December 8th. Zacks Research downgraded CAE from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Finally, Royal Bank Of Canada decreased their price objective on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.33.

CAE Trading Up 5.5%

Shares of CAE stock opened at $29.87 on Monday. The stock has a market cap of $9.60 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 2.25 and a beta of 1.19. CAE Inc has a 1 year low of $20.36 and a 1 year high of $30.13. The company has a current ratio of 0.83, a quick ratio of 0.59 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $27.44 and a 200 day simple moving average of $27.68.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $897.99 million for the quarter, compared to analyst estimates of $1.13 billion. CAE had a return on equity of 7.60% and a net margin of 8.98%.The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. On average, research analysts predict that CAE Inc will post 0.83 earnings per share for the current fiscal year.

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.