Amundi Increases Stock Holdings in CAE Inc $CAE

Key Points

• Amundi has increased its stake in CAE Inc by 9.3%, owning approximately $6.92 million worth of the company's shares after acquiring 24,985 additional shares.
• CAE's most recent quarterly earnings reported an EPS of $0.15, matching analysts' expectations, but the company fell short on revenue with $806.92 million compared to anticipated $1.12 billion.
• Several brokerages have varied ratings for CAE, with a current consensus rating of "Moderate Buy" and a price target of $33.67.

Amundi raised its stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 9.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 293,606 shares of the aerospace company's stock after purchasing an additional 24,985 shares during the quarter. Amundi owned 0.09% of CAE worth $6,917,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Browning West LP grew its stake in CAE by 131.4% in the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company's stock worth $337,742,000 after purchasing an additional 7,800,012 shares during the period. Vanguard Group Inc. grew its stake in shares of CAE by 1.2% in the first quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company's stock worth $303,957,000 after acquiring an additional 149,142 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of CAE during the fourth quarter valued at $201,771,000. Select Equity Group L.P. lifted its holdings in CAE by 427.1% in the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after acquiring an additional 5,462,455 shares during the period. Finally, National Bank of Canada FI lifted its holdings in CAE by 15.6% in the first quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company's stock valued at $149,530,000 after acquiring an additional 822,037 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CAE has been the topic of a number of recent research reports. TD Securities raised CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Jefferies Financial Group reiterated a "hold" rating and set a $30.00 target price on shares of CAE in a research report on Monday, July 21st. The Goldman Sachs Group began coverage on CAE in a research note on Monday, June 30th. They set a "buy" rating and a $33.00 target price on the stock. Cibc World Mkts raised CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Scotiabank reissued an "outperform" rating on shares of CAE in a research note on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, CAE currently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

CAE Trading Up 1.0%

Shares of CAE stock traded up $0.27 on Tuesday, reaching $27.01. The company had a trading volume of 451,129 shares, compared to its average volume of 503,188. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 2.37 and a beta of 1.36. 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 firm's 50-day moving average price is $27.95 and its two-hundred day moving average price is $26.20. CAE Inc has a 1 year low of $17.48 and a 1 year 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, meeting analysts' consensus estimates of $0.15. CAE had a return on equity of 7.92% and a net margin of 8.70%.The company had revenue of $806.92 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the business earned $0.21 EPS. As a group, research analysts predict that CAE Inc will post 0.83 earnings per share 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.