BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Stock Position in CAE Inc $CAE

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in CAE Inc by 26.6%, owning 177,806 shares valued at approximately $4.37 million.
• CAE reported $0.15 earnings per share for the last quarter, matching analysts' estimates, but its revenue fell short of expectations at $806.92 million.
• Institutional ownership of CAE Inc stands at 67.36%, with a mix of ratings from analysts including two "Strong Buy", five "Buy", and four "Hold".

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 26.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,806 shares of the aerospace company's stock after purchasing an additional 37,349 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of CAE worth $4,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Versant Capital Management Inc purchased a new position in CAE in the 1st quarter worth approximately $53,000. First Trust Advisors LP purchased a new stake in CAE during the 4th quarter valued at $213,000. Clarius Group LLC purchased a new stake in CAE during the 1st quarter valued at $246,000. Neuberger Berman Group LLC purchased a new stake in CAE during the 1st quarter valued at $263,000. Finally, Cetera Investment Advisers raised its stake in CAE by 4.6% during the 4th 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 last quarter. Institutional investors own 67.36% of the company's stock.

Analyst Upgrades and Downgrades

CAE has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a "sector perform" rating on shares of CAE in a research report on Monday, July 7th. Scotiabank reaffirmed an "outperform" rating on shares of CAE in a report on Thursday, August 14th. TD Securities upgraded shares of CAE from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. BMO Capital Markets restated an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Finally, Wall Street Zen cut shares of CAE from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $33.67.

CAE Trading Down 0.0%

CAE stock traded down $0.01 during midday trading on Thursday, reaching $27.02. The stock had a trading volume of 462,265 shares, compared to its average volume of 719,120. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 2.39 and a beta of 1.34. The company has a fifty day moving average of $28.35 and a 200 day moving average of $26.05. CAE Inc has a 52-week low of $17.34 and a 52-week high of $30.13. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. The business had revenue of $806.92 million for 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 last year, the company posted $0.21 earnings per share. On average, analysts anticipate that CAE Inc will post 0.83 earnings per share for the current fiscal year.

CAE 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.