CAE Inc. (NYSE:CAE) Holdings Raised by Fiera Capital Corp

Fiera Capital Corp raised its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 538,938 shares of the aerospace company’s stock after purchasing an additional 928 shares during the period. Fiera Capital Corp’s holdings in CAE were worth $10,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CAE. CIBC Asset Management Inc raised its stake in CAE by 3.5% during the second quarter. CIBC Asset Management Inc now owns 771,963 shares of the aerospace company’s stock worth $14,329,000 after acquiring an additional 26,415 shares during the period. Pembroke Management LTD acquired a new stake in shares of CAE during the 2nd quarter worth approximately $372,000. Hantz Financial Services Inc. bought a new stake in shares of CAE in the 2nd quarter worth approximately $1,678,000. Signaturefd LLC boosted its position in CAE by 23.1% during the 2nd quarter. Signaturefd LLC now owns 10,879 shares of the aerospace company’s stock valued at $202,000 after purchasing an additional 2,039 shares during the period. Finally, Tobam grew its stake in CAE by 27.2% during the 2nd quarter. Tobam now owns 16,251 shares of the aerospace company’s stock worth $302,000 after buying an additional 3,474 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on CAE. Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Canaccord Genuity Group reaffirmed a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. Desjardins cut CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, CAE currently has an average rating of “Hold” and an average price target of $28.00.

CAE Price Performance

NYSE CAE opened at $17.68 on Wednesday. The firm has a market capitalization of $5.64 billion, a PE ratio of -24.55, a P/E/G ratio of 1.30 and a beta of 1.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.89 and a quick ratio of 0.61. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $25.04. The company’s 50 day simple moving average is $17.98 and its 200 day simple moving average is $18.93.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. During the same quarter in the previous year, the business earned $0.18 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that CAE Inc. will post 0.86 EPS for the current fiscal year.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.