CAE Inc $CAE is PCJ Investment Counsel Ltd.'s 4th Largest Position

Key Points

• PCJ Investment Counsel Ltd. raised its stake in CAE by 1,427.2% in Q3 to 533,740 shares, making CAE its 4th largest holding at 4.4% of the fund and worth about $15.8 million (≈0.17% of CAE).
• CAE posted quarterly EPS of $0.24, beating estimates while revenue of $911.8M slightly missed consensus but was up 2.3% year-over-year; analysts hold an average rating of Moderate Buy with a $34.33 consensus price target.

PCJ Investment Counsel Ltd. raised its stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 1,427.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 533,740 shares of the aerospace company's stock after acquiring an additional 498,790 shares during the period. CAE makes up 4.4% of PCJ Investment Counsel Ltd.'s portfolio, making the stock its 4th largest holding. PCJ Investment Counsel Ltd. owned approximately 0.17% of CAE worth $15,803,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Employees Retirement System of Texas purchased a new position in shares of CAE during the second quarter valued at about $80,000. Bessemer Group Inc. lifted its position in shares of CAE by 26.0% in the third quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company's stock worth $164,000 after buying an additional 1,145 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in CAE during the second quarter valued at approximately $236,000. PNC Financial Services Group Inc. grew its holdings in CAE by 11.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company's stock valued at $249,000 after buying an additional 851 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in CAE during the 2nd quarter valued at approximately $265,000. Institutional investors own 67.36% of the company's stock.

CAE Price Performance

Shares of CAE stock opened at $28.51 on Wednesday. The stock has a 50 day moving average price of $31.38 and a 200-day moving average price of $29.09. CAE Inc has a one year low of $20.36 and a one year high of $34.24. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Zacks Research raised CAE from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Scotiabank reissued an "outperform" rating on shares of CAE in a report on Tuesday, February 17th. Stifel Nicolaus started coverage on shares of CAE in a research report on Wednesday, March 4th. They issued a "buy" rating on the stock. Royal Bank Of Canada lowered their price objective on shares of CAE from $41.00 to $40.00 and set a "sector perform" rating for the company in a research report on Thursday, November 13th. Finally, Weiss Ratings cut shares of CAE from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.33.

About CAE

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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