Royce & Associates LP Raises Stock Holdings in CAE Inc $CAE

Royce & Associates LP boosted its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 150.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,908 shares of the aerospace company’s stock after purchasing an additional 75,120 shares during the period. Royce & Associates LP’s holdings in CAE were worth $3,699,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Employees Retirement System of Texas bought a new stake in shares of CAE during the 2nd quarter worth $80,000. Bessemer Group Inc. raised its position in CAE by 26.0% in the third quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock worth $164,000 after acquiring an additional 1,145 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in CAE in the second quarter worth about $236,000. PNC Financial Services Group Inc. boosted its stake in CAE by 11.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 851 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of CAE during the 2nd quarter valued at approximately $265,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Down 2.5%

Shares of NYSE CAE opened at $30.14 on Friday. 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 company has a market cap of $9.70 billion, a P/E ratio of 36.31, a P/E/G ratio of 3.63 and a beta of 1.11. CAE Inc has a 52 week low of $20.36 and a 52 week high of $34.24. The business has a 50-day simple moving average of $31.50 and a two-hundred day simple moving average of $29.02.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $911.78 million for 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 revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 earnings per share. Research analysts anticipate that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CAE has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a research note on Sunday, February 15th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Royal Bank Of Canada decreased their price objective on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Weiss Ratings downgraded shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Finally, Stifel Nicolaus assumed coverage on shares of CAE in a research note on Wednesday. They issued a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.33.

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.