9,454 Shares in CAE Inc $CAE Acquired by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC recently acquired 9,454 shares of CAE Inc, valued at approximately $277,000.
• Several hedge funds have significantly increased their stakes in CAE, with Browning West LP raising its holdings by 131.4% in the last quarter.
• CAE reported earnings of $0.15 per share for the last quarter, meeting expectations, but its revenue was below consensus estimates at $806.92 million.

Ballentine Partners LLC purchased a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,454 shares of the aerospace company's stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Browning West LP grew its stake in shares of CAE by 131.4% in the 1st quarter. Browning West LP now owns 13,734,943 shares of the aerospace company's stock valued at $337,742,000 after buying an additional 7,800,012 shares in the last quarter. Select Equity Group L.P. grew its position in CAE by 16.7% in the first quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company's stock worth $193,314,000 after acquiring an additional 1,122,470 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of CAE by 142.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company's stock worth $42,036,000 after purchasing an additional 1,004,820 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of CAE by 15.6% during the 1st quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company's stock valued at $149,530,000 after purchasing an additional 822,037 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of CAE by 61.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,684,174 shares of the aerospace company's stock valued at $41,413,000 after purchasing an additional 640,678 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Price Performance

Shares of CAE stock opened at $28.49 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.60. The company has a market cap of $9.14 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.52 and a beta of 1.36. The firm has a fifty day moving average price of $27.74 and a two-hundred day moving average price of $26.43. CAE Inc has a fifty-two week low of $17.58 and a fifty-two week high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The company had revenue of $806.92 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. Analysts expect that CAE Inc will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

CAE has been the topic of several analyst reports. Royal Bank Of Canada reissued a "sector perform" rating on shares of CAE in a research report on Monday, July 7th. Cibc World Mkts raised CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. The Goldman Sachs Group started coverage on CAE in a research note on Monday, June 30th. They issued a "buy" rating and a $33.00 price objective on the stock. Scotiabank reaffirmed an "outperform" rating on shares of CAE in a research report on Thursday, August 14th. Finally, Wall Street Zen lowered shares of CAE from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $33.67.

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.

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