40,131 Shares in CAE Inc $CAE Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new position in CAE Inc (NYSE:CAE) (TSE:CAE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 40,131 shares of the aerospace company’s stock, valued at approximately $1,222,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in CAE by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock worth $406,923,000 after buying an additional 229,270 shares during the period. Select Equity Group L.P. boosted its holdings in CAE by 0.6% in the 2nd quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock worth $231,350,000 after buying an additional 45,754 shares during the period. Snyder Capital Management L P boosted its holdings in CAE by 12.4% in the 3rd quarter. Snyder Capital Management L P now owns 5,411,103 shares of the aerospace company’s stock worth $160,385,000 after buying an additional 598,086 shares during the period. Bank of Montreal Can boosted its holdings in CAE by 17.9% in the 3rd quarter. Bank of Montreal Can now owns 4,347,481 shares of the aerospace company’s stock worth $128,706,000 after buying an additional 658,837 shares during the period. Finally, Invesco Ltd. grew its stake in CAE by 10.7% during the third quarter. Invesco Ltd. now owns 2,438,918 shares of the aerospace company’s stock valued at $72,290,000 after acquiring an additional 236,474 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Trading Down 0.0%

Shares of CAE stock opened at $27.02 on Friday. CAE Inc has a 12-month low of $23.88 and a 12-month high of $34.24. 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 stock’s 50-day moving average price is $27.26 and its 200-day moving average price is $28.83. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 3.08 and a beta of 1.03.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. CAE had a return on equity of 7.75% and a net margin of 7.70%.The firm had revenue of $911.78 million for the quarter, compared to analysts’ expectations of $922.62 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that CAE Inc will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CAE has been the subject of several research analyst reports. Weiss Ratings cut shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Stifel Nicolaus assumed coverage on shares of CAE in a research note on Wednesday, March 4th. They issued a “buy” rating on the stock. Jefferies Financial Group reduced their target price on CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 17th. Canaccord Genuity Group assumed coverage on CAE in a report on Friday, March 13th. They issued a “buy” rating on the stock. Finally, Scotiabank reaffirmed an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CAE has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

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.