Nuveen LLC Acquires New Shares in CAE Inc $CAE

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 position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in shares of CAE during the 1st quarter worth approximately $53,000. First Trust Advisors LP purchased a new position in shares of CAE during the 4th quarter worth approximately $213,000. Clarius Group LLC purchased a new position in shares of CAE during the 1st quarter worth approximately $246,000. Cetera Investment Advisers grew its holdings in shares of CAE by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after acquiring an additional 497 shares during the period. Finally, NBC Securities Inc. grew its holdings in shares of CAE by 95,861.1% during the 1st quarter. NBC Securities Inc. now owns 17,273 shares of the aerospace company's stock worth $424,000 after acquiring an additional 17,255 shares during the period. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Jefferies Financial Group reiterated a "hold" rating and set a $30.00 target price on shares of CAE in a report on Monday, July 21st. Wall Street Zen downgraded CAE from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. CIBC restated a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Finally, Scotiabank restated an "outperform" rating on shares of CAE in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Stock Down 0.2%

CAE stock traded down $0.05 during midday trading on Friday, hitting $26.97. The company's stock had a trading volume of 380,558 shares, compared to its average volume of 718,517. The company has a market cap of $8.65 billion, a PE ratio of 29.31, a P/E/G ratio of 2.38 and a beta of 1.36. CAE Inc has a 12 month low of $17.34 and a 12 month high of $30.13. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The firm's 50-day moving average is $28.37 and its 200-day moving average is $26.10.

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

About CAE

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.