Plato Investment Management Ltd Sells 19,852 Shares of CAE Inc $CAE

Plato Investment Management Ltd reduced its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 52.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,052 shares of the aerospace company’s stock after selling 19,852 shares during the quarter. Plato Investment Management Ltd’s holdings in CAE were worth $552,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CAE. Goldman Sachs Group Inc. increased its holdings in shares of CAE by 142.6% in 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 in the last quarter. Bank of Montreal Can increased its holdings in shares of CAE by 17.9% in the third quarter. Bank of Montreal Can now owns 4,347,481 shares of the aerospace company’s stock worth $128,706,000 after acquiring an additional 658,837 shares in the last quarter. Snyder Capital Management L P increased its holdings in shares of CAE by 12.4% in the third quarter. Snyder Capital Management L P now owns 5,411,103 shares of the aerospace company’s stock worth $160,385,000 after acquiring an additional 598,086 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of CAE by 45.3% in the third quarter. Legal & General Group Plc now owns 1,879,073 shares of the aerospace company’s stock worth $55,654,000 after acquiring an additional 585,465 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of CAE by 4.1% during the third quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock worth $389,430,000 after buying an additional 518,030 shares during the period. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

Shares of NYSE CAE opened at $26.96 on Monday. The stock has a 50 day moving average price of $27.26 and a 200 day moving average price of $28.83. CAE Inc has a 52 week low of $23.88 and a 52 week high of $34.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a market capitalization of $8.67 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 3.07 and a beta of 1.03.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. CAE had a return on equity of 7.75% and a net margin of 7.70%.The firm had revenue of $911.78 million during the quarter, compared to analysts’ expectations of $922.62 million. During the same period in the prior year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts predict that CAE Inc will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CAE shares. Stifel Nicolaus started coverage on CAE in a research report on Wednesday, March 4th. They set a “buy” rating for the company. Weiss Ratings cut CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. TD Securities reaffirmed a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Jefferies Financial Group reduced their price objective on CAE from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 17th. Finally, Zacks Research cut CAE from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.33.

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.