CAE Inc $CAE Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 19.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor 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’s holdings in CAE were worth $121,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Holocene Advisors LP purchased a new stake in CAE during the third quarter worth about $2,184,000. Bank of America Corp DE lifted its position in shares of CAE by 33.3% during the 3rd quarter. Bank of America Corp DE now owns 1,787,845 shares of the aerospace company’s stock valued at $52,992,000 after acquiring an additional 446,815 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of CAE during the 3rd quarter worth approximately $455,000. Anson Funds Management LP acquired a new stake in shares of CAE in the 3rd quarter worth approximately $4,589,000. Finally, Alliancebernstein L.P. increased its stake in CAE by 47.4% in the 3rd quarter. Alliancebernstein L.P. now owns 28,662 shares of the aerospace company’s stock valued at $850,000 after purchasing an additional 9,221 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CAE shares. Stifel Nicolaus began coverage on CAE in a research report on Wednesday, March 4th. They set a “buy” rating on the stock. TD Securities reiterated a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Weiss Ratings downgraded shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

CAE Trading Up 2.1%

Shares of CAE stock opened at $27.95 on Tuesday. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.23 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $31.13 and a 200 day moving average price of $29.11. CAE Inc has a twelve month low of $20.36 and a twelve month high of $34.24.

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

CAE Profile

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.