CAE Inc. (NYSE:CAE) Shares Bought by Truist Financial Corp

Truist Financial Corp grew its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,543 shares of the aerospace company’s stock after acquiring an additional 552 shares during the period. Truist Financial Corp’s holdings in CAE were worth $2,675,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp raised its position in CAE by 27.7% in the second quarter. Mackenzie Financial Corp now owns 18,774,384 shares of the aerospace company’s stock valued at $577,697,000 after purchasing an additional 4,067,096 shares during the period. Vanguard Group Inc. grew its position in CAE by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 8,595,731 shares of the aerospace company’s stock valued at $264,749,000 after buying an additional 333,708 shares during the last quarter. Invesco Ltd. boosted its position in shares of CAE by 2.9% during the 2nd quarter. Invesco Ltd. now owns 7,639,084 shares of the aerospace company’s stock worth $235,284,000 after purchasing an additional 216,475 shares in the last quarter. FMR LLC raised its stake in CAE by 1.2% in the 2nd quarter. FMR LLC now owns 5,083,036 shares of the aerospace company’s stock valued at $156,559,000 after purchasing an additional 59,375 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in shares of CAE by 11.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,603,172 shares of the aerospace company’s stock valued at $141,779,000 after acquiring an additional 462,862 shares during the last quarter. Institutional investors and hedge funds own 56.17% of the company’s stock.

Several research analysts have commented on CAE shares. Morgan Stanley initiated coverage on shares of CAE in a research report on Friday, December 3rd. They issued an “equal weight” rating and a $37.00 target price for the company. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, December 14th. Zacks Investment Research downgraded shares of CAE from a “hold” rating to a “sell” rating in a research report on Tuesday, November 16th. Scotiabank decreased their price objective on CAE from C$46.00 to C$45.00 and set an “outperform” rating for the company in a research report on Friday, November 12th. Finally, TD Securities lifted their price objective on shares of CAE from C$40.00 to C$42.00 and gave the company a “hold” rating in a research report on Monday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.78.

CAE opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 1.27. The company’s 50-day simple moving average is $26.08 and its two-hundred day simple moving average is $28.57. CAE Inc. has a 52-week low of $21.65 and a 52-week high of $34.19. The stock has a market capitalization of $8.37 billion, a P/E ratio of 73.33, a P/E/G ratio of 5.11 and a beta of 1.73.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, November 11th. The aerospace company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). CAE had a net margin of 3.91% and a return on equity of 7.01%. The business had revenue of $647.22 million for the quarter, compared to analysts’ expectations of $722.90 million. During the same period in the prior year, the company posted $0.09 earnings per share. Research analysts forecast that CAE Inc. will post 0.65 EPS for the current fiscal year.

CAE Profile

CAE, Inc engages in the provision of digital immersion and training services for the civil aviation, defense and security, and healthcare markets. It operates through the following segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment focuses on aviation professionals, airlines, business aviation operators, and aircraft manufacturers.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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