CAE Inc $CAE Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lessened its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 33.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,352 shares of the aerospace company’s stock after selling 17,169 shares during the quarter. Neuberger Berman Group LLC’s holdings in CAE were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CAE. Millennium Management LLC acquired a new position in CAE during the first quarter worth about $4,170,000. Goldman Sachs Group Inc. lifted its position in shares of CAE by 142.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after acquiring 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 acquiring an additional 462 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in shares of CAE during the 2nd quarter worth approximately $236,000. Finally, Metis Global Partners LLC grew its holdings in shares of CAE by 5.1% in the 2nd quarter. Metis Global Partners LLC now owns 16,517 shares of the aerospace company’s stock worth $484,000 after acquiring an additional 799 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Analyst Ratings Changes

CAE has been the subject of several research analyst reports. Stifel Nicolaus began coverage on CAE in a research note on Wednesday, March 4th. They issued a “buy” rating for the company. Weiss Ratings downgraded CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada lowered their target price on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Scotiabank restated an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Finally, TD Securities reiterated a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.33.

CAE Trading Down 1.6%

Shares of CAE stock opened at $29.64 on Monday. CAE Inc has a 1 year low of $20.36 and a 1 year high of $34.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69. The business has a 50 day moving average price of $31.47 and a 200 day moving average price of $29.06. The company has a market capitalization of $9.54 billion, a P/E ratio of 35.71, a P/E/G ratio of 3.50 and a beta of 1.11.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $911.78 million for the quarter, compared to analysts’ expectations of $922.62 million. CAE had a return on equity of 7.75% and a net margin of 7.70%.CAE’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. Sell-side analysts anticipate that CAE Inc will post 0.83 EPS for the current fiscal year.

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.