National Bank of Canada FI Reduces Stock Holdings in CAE Inc $CAE

National Bank of Canada FI trimmed its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 19.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,134,991 shares of the aerospace company’s stock after selling 1,023,148 shares during the period. National Bank of Canada FI owned approximately 1.29% of CAE worth $121,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Employees Retirement System of Texas acquired a new stake in shares of CAE during the second quarter worth about $80,000. Bessemer Group Inc. increased its position in CAE by 26.0% during the third quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock worth $164,000 after buying an additional 1,145 shares during the period. PNC Financial Services Group Inc. increased its position in CAE by 11.1% during the second quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock worth $249,000 after buying an additional 851 shares during the period. United Services Automobile Association lifted its stake in CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after buying an additional 462 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of CAE in the second quarter valued at approximately $265,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAE has been the topic of a number of recent research reports. TD Securities reaffirmed a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Scotiabank restated an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. Canaccord Genuity Group started coverage on shares of CAE in a research note on Friday. They set a “buy” rating for the company. Jefferies Financial Group reissued a “hold” rating on shares of CAE in a report on Sunday, February 15th. Finally, Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.33.

CAE Stock Up 2.1%

Shares of NYSE:CAE opened at $27.95 on Tuesday. CAE Inc has a fifty-two week low of $20.36 and a fifty-two week high of $34.24. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. The firm’s 50-day simple moving average is $31.13 and its 200-day simple moving average is $29.11. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.23 and a beta of 1.11.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. CAE had a net margin of 7.70% and a return on equity of 7.75%. The firm had revenue of $911.78 million during the quarter, compared to analysts’ expectations of $922.62 million. During the same period in the prior year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts predict that CAE Inc will post 0.83 earnings per share for the current year.

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.