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 grew its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 9.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,606 shares of the aerospace company's stock after purchasing an additional 24,985 shares during the quarter. Amundi owned about 0.09% of CAE worth $6,917,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its position in shares of CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock valued at $289,000 after buying an additional 497 shares during the period. Dynasty Wealth Management LLC increased its position in shares of CAE by 6.5% during the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company's stock valued at $443,000 after buying an additional 1,099 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CAE by 2.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company's stock valued at $1,803,000 after buying an additional 2,062 shares during the period. Versant Capital Management Inc bought a new stake in shares of CAE during the first quarter valued at about $53,000. Finally, APG Asset Management N.V. increased its position in shares of CAE by 1.4% during the first quarter. APG Asset Management N.V. now owns 172,200 shares of the aerospace company's stock valued at $3,919,000 after buying an additional 2,300 shares during the period. Institutional investors own 67.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CAE shares. Scotiabank reissued an "outperform" rating on shares of CAE in a report on Thursday, August 14th. Jefferies Financial Group reiterated a "hold" rating and issued a $30.00 price objective on shares of CAE in a research report on Monday, July 21st. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Finally, The Goldman Sachs Group assumed coverage on shares of CAE in a research report on Monday, June 30th. They issued a "buy" rating and a $33.00 target price on the stock. Two equities research 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Price Performance

Shares of CAE stock traded down $0.22 on Friday, hitting $26.45. 388,801 shares of the company traded hands, compared to its average volume of 544,217. The stock has a market capitalization of $8.49 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 2.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. CAE Inc has a 52 week low of $17.48 and a 52 week high of $30.13. The business has a 50-day simple moving average of $28.07 and a 200 day simple moving average of $26.16.

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