Massachusetts Financial Services Co. MA Sells 25,967 Shares of CAE Inc $CAE

Massachusetts Financial Services Co. MA decreased its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,132,817 shares of the aerospace company’s stock after selling 25,967 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.35% of CAE worth $33,577,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CAE. Employees Retirement System of Texas bought a new position in CAE in the 2nd quarter worth $80,000. Bessemer Group Inc. increased its stake in shares of CAE by 360.9% in the second quarter. Bessemer Group Inc. now owns 4,402 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 3,447 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in shares of CAE in the second quarter worth about $236,000. PNC Financial Services Group Inc. lifted its position in shares of CAE by 11.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 851 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in CAE during the 2nd quarter valued at approximately $265,000. 67.36% of the stock is owned by institutional investors.

CAE Price Performance

NYSE:CAE opened at $33.37 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.83. The company has a 50-day moving average of $29.67 and a 200-day moving average of $28.59. CAE Inc has a 52 week low of $20.36 and a 52 week high of $34.24. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 2.52 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CAE shares. TD Securities reiterated a “buy” rating on shares of CAE in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CAE in a research note on Monday, December 29th. Scotiabank reissued an “outperform” rating on shares of CAE in a report on Wednesday. Royal Bank Of Canada dropped their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Finally, Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus 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.