Louisbourg Investments Inc. Takes Position in CAE Inc (NYSE:CAE)

Louisbourg Investments Inc. acquired a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 112,500 shares of the aerospace company's stock, valued at approximately $2,769,000.

A number of other hedge funds also recently bought and sold shares of CAE. Caisse DE Depot ET Placement DU Quebec grew its position in shares of CAE by 25.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock valued at $784,651,000 after purchasing an additional 6,313,165 shares in the last quarter. JARISLOWSKY FRASER Ltd boosted its stake in CAE by 7.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock worth $606,697,000 after buying an additional 1,702,904 shares during the last quarter. Brandes Investment Partners LP grew its holdings in CAE by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company's stock valued at $378,459,000 after buying an additional 221,205 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of CAE by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company's stock worth $310,134,000 after acquiring an additional 181,807 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of CAE in the 4th quarter worth $201,771,000. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Trading Down 0.7%

Shares of CAE traded down $0.19 during trading on Wednesday, reaching $26.53. 386,348 shares of the company traded hands, compared to its average volume of 544,124. The stock has a 50-day simple moving average of $25.26 and a 200-day simple moving average of $24.51. The stock has a market cap of $8.50 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.21 and a beta of 1.28. CAE Inc has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $886.20 million during the quarter, compared to the consensus estimate of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. On average, analysts anticipate that CAE Inc will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CAE. Royal Bank Of Canada cut shares of CAE from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $41.00 to $38.00 in a research report on Wednesday, May 21st. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Tuesday, May 27th. Scotiabank upgraded shares of CAE from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, May 15th. Finally, CIBC reaffirmed a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CAE has an average rating of "Moderate Buy" and a consensus price target of $32.33.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.