Shell Asset Management Co. Buys 17,297 Shares of CAE Inc $CAE

Shell Asset Management Co. increased its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 36.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,884 shares of the aerospace company’s stock after buying an additional 17,297 shares during the period. Shell Asset Management Co.’s holdings in CAE were worth $1,898,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in CAE by 49.7% in the first quarter. Cetera Investment Advisers now owns 17,045 shares of the aerospace company’s stock worth $419,000 after buying an additional 5,659 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in CAE by 132.4% in the first quarter. Sequoia Financial Advisors LLC now owns 49,556 shares of the aerospace company’s stock worth $1,219,000 after buying an additional 28,237 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in CAE in the first quarter worth about $11,365,000. National Bank of Canada FI raised its stake in 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 worth $149,530,000 after buying an additional 822,037 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in CAE by 61.4% in the first quarter. Canada Pension Plan Investment Board now owns 1,684,174 shares of the aerospace company’s stock worth $41,413,000 after buying an additional 640,678 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Trading Up 0.4%

NYSE:CAE opened at $28.59 on Thursday. The company’s 50 day moving average price is $27.77 and its 200-day moving average price is $26.65. CAE Inc has a 52 week low of $17.58 and a 52 week high of $30.13. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.52 and a beta of 1.36.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Tuesday, August 12th. The aerospace company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The firm had revenue of $806.92 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, equities research analysts forecast that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

CAE has been the topic of a number of recent research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of CAE in a report on Monday, July 7th. The Goldman Sachs Group initiated coverage on CAE in a research report on Monday, June 30th. They issued a “buy” rating and a $33.00 price target on the stock. TD Securities raised CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Jefferies Financial Group reissued a “hold” rating and issued a $30.00 price target on shares of CAE in a research report on Monday, July 21st. Finally, Scotiabank reissued an “outperform” rating on shares of CAE in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.67.

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.