Triasima Portfolio Management inc. Acquires 39,608 Shares of CAE Inc $CAE

Triasima Portfolio Management inc. boosted its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 25.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,508 shares of the aerospace company’s stock after buying an additional 39,608 shares during the quarter. Triasima Portfolio Management inc. owned approximately 0.06% of CAE worth $5,850,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CAE. Millennium Management LLC purchased a new stake in shares of CAE in the 1st quarter worth $4,170,000. Goldman Sachs Group Inc. raised its stake in shares of CAE by 142.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after buying an additional 1,004,820 shares during the period. United Services Automobile Association lifted its position in shares of CAE by 4.5% during the 1st 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 in the last quarter. Ballentine Partners LLC purchased a new position in CAE during the second quarter valued at approximately $277,000. Finally, Truist Financial Corp boosted its position in shares of CAE by 5.6% in the second quarter. Truist Financial Corp now owns 67,272 shares of the aerospace company’s stock worth $1,969,000 after purchasing an additional 3,580 shares during the period. 67.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Securities restated a “buy” rating on shares of CAE in a research report on Monday, January 12th. Royal Bank Of Canada decreased their price target on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a research note on Monday, December 29th. Finally, Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

CAE Trading Down 0.9%

CAE stock opened at $33.74 on Tuesday. The firm has a fifty day moving average price of $29.31 and a 200 day moving average price of $28.50. CAE Inc has a fifty-two week low of $20.36 and a fifty-two week high of $34.24. The firm has a market cap of $10.85 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.83.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $897.99 million during the quarter, compared to analyst estimates of $1.13 billion. CAE had a net margin of 8.98% and a return on equity of 7.60%. CAE’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 earnings per share. Sell-side analysts anticipate 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.