Gulf International Bank UK Ltd Has $438,000 Stake in CAE Inc $CAE

Key Points

• Gulf International Bank UK Ltd significantly increased its stake in CAE Inc by 3,142.4% in Q1, acquiring 17,801 shares valued at approximately $438,000.
• Analyst ratings for CAE show a mix, with CIBC maintaining a "neutral" rating while TD Securities upgraded their view from "hold" to "buy," and Goldman Sachs initiating coverage with a $33.00 price target.
• CAE reported earnings meeting analysts' expectations at $0.15 EPS, with revenue of $806.92 million, significantly below projections of $1.12 billion.

Gulf International Bank UK Ltd raised its stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 3,142.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 17,801 shares of the aerospace company's stock after purchasing an additional 17,252 shares during the period. Gulf International Bank UK Ltd's holdings in CAE were worth $438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CAE. Nomura Holdings Inc. bought a new stake in shares of CAE in the 4th quarter worth about $201,771,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of CAE by 25.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock valued at $784,651,000 after buying an additional 6,313,165 shares during the period. Browning West LP acquired a new position in shares of CAE in the 4th quarter valued at about $150,629,000. Select Equity Group L.P. boosted its holdings in shares of CAE by 427.1% in the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after buying an additional 5,462,455 shares during the period. Finally, JARISLOWSKY FRASER Ltd boosted its holdings in shares of CAE by 7.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after buying an additional 1,702,904 shares during the period. Institutional investors own 67.36% of the company's stock.

Wall Street Analysts Forecast Growth

CAE has been the subject of several research reports. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. CIBC reaffirmed a "neutral" rating on shares of CAE in a report on Thursday, May 15th. TD Securities raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada reissued a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. Finally, The Goldman Sachs Group initiated coverage on shares of CAE in a research note on Monday, June 30th. They set a "buy" rating and a $33.00 target price for the company. Two 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $33.67.

CAE Price Performance

Shares of NYSE:CAE traded up $0.6630 during trading on Friday, reaching $27.5430. The company had a trading volume of 186,450 shares, compared to its average volume of 571,981. The firm's fifty day moving average is $28.32 and its 200 day moving average is $25.93. The firm has a market capitalization of $8.83 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. CAE Inc has a twelve month low of $17.34 and a twelve month high of $30.13. 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 (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates 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 prior year, the business posted $0.21 EPS. On average, equities analysts forecast that CAE Inc will post 0.83 EPS for the current 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.