224,471 Shares in CAE Inc $CAE Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in CAE Inc, purchasing 224,471 shares valued at approximately $5.5 million, representing about 0.07% of the company.
• CAE's stock has seen a 2.4% decline, with a current market cap of $8.57 billion and a P/E ratio of 29.06.
• Recent earnings results revealed CAE's EPS of $0.15, meeting analysts' expectations, but revenue fell below consensus, indicating potential challenges ahead.

Nuveen LLC bought a new stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 224,471 shares of the aerospace company's stock, valued at approximately $5,518,000. Nuveen LLC owned 0.07% of CAE as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of CAE in the 1st quarter valued at about $53,000. First Trust Advisors LP bought a new stake in shares of CAE in the 4th quarter valued at about $213,000. Clarius Group LLC bought a new stake in shares of CAE in the 1st quarter valued at about $246,000. Cetera Investment Advisers raised its holdings in shares of CAE by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock valued at $289,000 after purchasing an additional 497 shares during the period. Finally, NBC Securities Inc. raised its holdings in shares of CAE by 95,861.1% in the 1st quarter. NBC Securities Inc. now owns 17,273 shares of the aerospace company's stock valued at $424,000 after purchasing an additional 17,255 shares during the period. 67.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Securities raised shares of CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Wall Street Zen cut shares of CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. The Goldman Sachs Group assumed coverage on shares of CAE in a report on Monday, June 30th. They issued a "buy" rating and a $33.00 price target on the stock. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.67.

CAE Stock Performance

Shares of NYSE:CAE traded down $0.01 on Thursday, reaching $27.02. 462,265 shares of the company's stock were exchanged, compared to its average volume of 719,120. The company has a fifty day moving average of $28.35 and a 200-day moving average of $26.05. CAE Inc has a twelve month low of $17.34 and a twelve month high of $30.13. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 2.39 and a beta of 1.34. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The firm had revenue of $806.92 million for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $0.21 EPS. On average, research analysts predict that CAE Inc will post 0.83 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, 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.