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

Neuberger Berman Group LLC boosted its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 382.5% during the second quarter, HoldingsChannel.com reports. The fund owned 51,521 shares of the aerospace company’s stock after buying an additional 40,842 shares during the quarter. Neuberger Berman Group LLC’s holdings in CAE were worth $1,507,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CAE. Cetera Investment Advisers increased its position in CAE by 49.7% during the 1st quarter. Cetera Investment Advisers now owns 17,045 shares of the aerospace company’s stock worth $419,000 after purchasing an additional 5,659 shares in the last quarter. Brandes Investment Partners LP boosted its position in CAE by 4.4% in the second quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock valued at $433,287,000 after buying an additional 628,848 shares in the last quarter. Phoenix Financial Ltd. bought a new stake in shares of CAE during the second quarter worth $10,309,000. Cooper Creek Partners Management LLC acquired a new position in shares of CAE during the second quarter worth $5,854,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 acquiring an additional 886,951 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Up 5.5%

Shares of NYSE:CAE opened at $29.87 on Monday. The firm has a market cap of $9.60 billion, a P/E ratio of 30.79, a P/E/G ratio of 2.25 and a beta of 1.19. CAE Inc has a 12-month low of $20.36 and a 12-month high of $30.13. The business has a fifty day simple moving average of $27.44 and a 200 day simple moving average of $27.68. The company has a quick ratio of 0.59, a current ratio of 0.83 and a debt-to-equity ratio of 0.60.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CAE shares. Royal Bank Of Canada reduced their price objective on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of CAE in a research note on Monday, December 8th. Finally, Zacks Research downgraded CAE from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

About CAE

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.