Avanza Fonder AB Purchases Shares of 129,526 CAE Inc $CAE

Key Points

• Avanza Fonder AB acquired a new position of 129,526 shares in CAE during Q4 (about $3.94M), and institutional investors now own 67.36% of the company's stock.
• Other large institutional moves include Norges Bank opening a ~$118.24M position, while Goldman Sachs, Arrowstreet, Bank of Montreal and Brandes significantly increased their holdings, signaling substantial institutional accumulation.
• CAE reported Q4 EPS $0.24 (beating the $0.22 estimate) with revenue of $911.8M (slightly below forecasts); the company has a market cap of $8.44B and a consensus analyst rating of "Moderate Buy" with a price target of $34.33.

Avanza Fonder AB acquired a new position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 129,526 shares of the aerospace company's stock, valued at approximately $3,940,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAE. Norges Bank purchased a new position in shares of CAE during the 2nd quarter valued at approximately $118,239,000. Goldman Sachs Group Inc. grew its position in CAE by 142.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company's stock valued at $42,036,000 after buying an additional 1,004,820 shares during the period. Arrowstreet Capital Limited Partnership grew its position in CAE by 356.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company's stock valued at $33,267,000 after buying an additional 886,951 shares during the period. Bank of Montreal Can grew its position in CAE by 17.9% during the third quarter. Bank of Montreal Can now owns 4,347,481 shares of the aerospace company's stock valued at $128,706,000 after buying an additional 658,837 shares during the period. Finally, Brandes Investment Partners LP grew its position in CAE by 4.4% during the second quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company's stock valued at $433,287,000 after buying an additional 628,848 shares during the period. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Performance

CAE opened at $26.24 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 3.22 and a beta of 1.11. CAE Inc has a 52-week low of $20.36 and a 52-week high of $34.24. The firm's fifty day simple moving average is $30.44 and its two-hundred day simple moving average is $29.11.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. CAE had a net margin of 7.70% and a return on equity of 7.75%. The business had revenue of $911.78 million during the quarter, compared to analysts' expectations of $922.62 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts anticipate that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

CAE has been the subject of a number of analyst reports. Canaccord Genuity Group assumed coverage on shares of CAE in a research report on Friday, March 13th. They issued a "buy" rating for the company. Zacks Research upgraded CAE from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. Stifel Nicolaus began coverage on CAE in a research note on Wednesday, March 4th. They issued a "buy" rating for the company. Jefferies Financial Group reiterated a "hold" rating on shares of CAE in a research report on Sunday, February 15th. Finally, Scotiabank reiterated an "outperform" rating on shares of CAE in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.33.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.

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