Triasima Portfolio Management inc. Purchases 39,608 Shares of CAE Inc $CAE

Triasima Portfolio Management inc. grew its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 25.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,508 shares of the aerospace company’s stock after acquiring an additional 39,608 shares during the quarter. Triasima Portfolio Management inc.’s holdings in CAE were worth $5,850,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brandes Investment Partners LP grew its stake in shares of CAE by 4.4% during the second quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock valued at $433,287,000 after buying an additional 628,848 shares during the last quarter. Select Equity Group L.P. grew its position 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 valued at $231,350,000 after acquiring an additional 45,754 shares during the last quarter. Norges Bank purchased a new stake in CAE in the second quarter worth $118,239,000. Bank of Nova Scotia lifted its position in shares of CAE by 23.4% during the second quarter. Bank of Nova Scotia now owns 2,331,094 shares of the aerospace company’s stock worth $68,299,000 after purchasing an additional 442,467 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of CAE by 15.1% during the second quarter. Geode Capital Management LLC now owns 2,304,550 shares of the aerospace company’s stock valued at $67,030,000 after purchasing an additional 303,196 shares during the period. 67.36% of the stock is currently owned by institutional investors.

CAE Trading Down 0.9%

Shares of NYSE CAE opened at $33.74 on Tuesday. CAE Inc has a 1-year low of $20.36 and a 1-year high of $34.24. The business has a fifty day moving average price of $29.31 and a 200 day moving average price of $28.50. The stock has a market capitalization of $10.85 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.83 and a quick ratio of 0.59.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CAE shares. Royal Bank Of Canada decreased their price objective on shares of 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 reaffirmed a “hold (c+)” rating on shares of CAE in a research note on Monday, December 29th. TD Securities reaffirmed a “buy” rating on shares of CAE in a research report on Monday, January 12th. Finally, Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.