CAE Inc $CAE Shares Sold by UBS Group AG

UBS Group AG lowered its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 509,112 shares of the aerospace company’s stock after selling 145,826 shares during the period. UBS Group AG’s holdings in CAE were worth $15,487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in shares of CAE during the third quarter worth $42,000. Bessemer Group Inc. grew its stake in shares of CAE by 26.0% during the third quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock worth $164,000 after purchasing an additional 1,145 shares in the last quarter. Caprock Group LLC acquired a new position in shares of CAE during the third quarter worth $280,000. Militia Capital Partners LP acquired a new position in shares of CAE during the third quarter worth $288,000. Finally, Prudential Financial Inc. acquired a new position in shares of CAE during the second quarter worth $287,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

NYSE CAE opened at $26.21 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69. CAE Inc has a 1 year low of $23.88 and a 1 year high of $34.24. The company has a market capitalization of $8.43 billion, a PE ratio of 31.58, a P/E/G ratio of 2.97 and a beta of 1.03. The company has a fifty day moving average of $26.99 and a two-hundred day moving average of $28.78.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. CAE had a net margin of 7.70% and a return on equity of 7.75%. The company had revenue of $911.78 million during the quarter, compared to the consensus estimate of $922.62 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. CAE’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts expect that CAE Inc will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CAE shares. Stifel Nicolaus started coverage on shares of CAE in a research note on Wednesday, March 4th. They set a “buy” rating for the company. Jefferies Financial Group lowered their target price on shares of CAE from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 17th. Weiss Ratings downgraded shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Canaccord Genuity Group initiated coverage on shares of CAE in a research note on Friday, March 13th. They set a “buy” rating for the company. Finally, Scotiabank restated an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

CAE Company 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.