CAE Inc $CAE Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 33.3% during the third quarter, Holdings Channel.com reports. The firm owned 34,352 shares of the aerospace company’s stock after selling 17,169 shares during the period. 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 hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of CAE in the second quarter valued at approximately $118,239,000. Goldman Sachs Group Inc. boosted its position in CAE by 142.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after acquiring an additional 1,004,820 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in CAE by 356.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company’s stock worth $33,267,000 after acquiring an additional 886,951 shares during the last quarter. Brandes Investment Partners LP grew its stake in CAE by 4.4% in the 2nd quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock worth $433,287,000 after acquiring an additional 628,848 shares during the period. Finally, Snyder Capital Management L P raised its holdings in CAE by 12.4% in the 3rd quarter. Snyder Capital Management L P now owns 5,411,103 shares of the aerospace company’s stock valued at $160,385,000 after acquiring an additional 598,086 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Performance

NYSE:CAE opened at $29.64 on Monday. The company has a market cap 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. The firm’s 50 day moving average is $31.47 and its two-hundred day moving average is $29.06. CAE Inc has a fifty-two week low of $20.36 and a fifty-two week high of $34.24. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57.

CAE (NYSE:CAE) (TSE:CAE) last announced 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. The company had revenue of $911.78 million during the quarter, compared to analysts’ expectations of $922.62 million. CAE had a net margin of 7.70% and a return on equity of 7.75%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. Analysts expect that CAE Inc will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CAE shares. Royal Bank Of Canada reduced their price target on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. TD Securities reaffirmed a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a research report on Sunday, February 15th. Finally, Stifel Nicolaus began coverage on CAE in a research note on Wednesday, March 4th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.33.

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.