Royce & Associates LP Acquires 75,120 Shares of CAE Inc $CAE

Royce & Associates LP boosted its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 150.9% during the third quarter, Holdings Channel.com reports. The fund owned 124,908 shares of the aerospace company’s stock after buying an additional 75,120 shares during the quarter. Royce & Associates LP’s holdings in CAE were worth $3,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Forge First Asset Management Inc. purchased a new position in shares of CAE during the third quarter worth about $5,673,000. Montrusco Bolton Investments Inc. lifted its position in CAE by 0.9% during the third quarter. Montrusco Bolton Investments Inc. now owns 565,500 shares of the aerospace company’s stock valued at $16,749,000 after purchasing an additional 5,000 shares during the last quarter. US Bancorp DE lifted its position in CAE by 13.2% during the third quarter. US Bancorp DE now owns 10,299 shares of the aerospace company’s stock valued at $305,000 after purchasing an additional 1,199 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of CAE during the 3rd quarter valued at $366,000. Finally, Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of CAE by 0.8% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,684 shares of the aerospace company’s stock worth $1,768,000 after acquiring an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CAE shares. Stifel Nicolaus began coverage on CAE in a research note on Wednesday. They issued a “buy” rating on the stock. Weiss Ratings lowered CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. TD Securities restated a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Scotiabank reiterated an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of CAE in a research note on Sunday, February 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Trading Down 2.5%

Shares of CAE stock opened at $30.14 on Friday. The business has a 50-day moving average of $31.50 and a 200 day moving average of $29.02. 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 $20.36 and a 1-year high of $34.24. The stock has a market capitalization of $9.70 billion, a PE ratio of 36.31, a P/E/G ratio of 3.63 and a beta of 1.11.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business 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%.The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. As a group, sell-side analysts anticipate that CAE Inc will post 0.83 earnings per share for the current year.

CAE 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.