CAE Inc (NYSE:CAE) Shares Purchased by National Bank of Canada FI

Key Points

• National Bank of Canada FI has increased its holdings in CAE Inc by 15.6%, owning over 6 million shares valued at approximately $149.5 million as of the end of the first quarter.
• Several hedge funds have modified their positions in CAE, including a significant 132.4% increase by Sequoia Financial Advisors LLC, highlighting strong institutional interest in the stock.
• CAE's recent earnings showed a net margin of 8.55% with a revenue increase of 13.2% year-over-year, exceeding earnings per share consensus by $0.01.

National Bank of Canada FI boosted its position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 15.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,087,650 shares of the aerospace company's stock after buying an additional 822,037 shares during the period. National Bank of Canada FI owned 1.90% of CAE worth $149,530,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CAE. Sequoia Financial Advisors LLC increased its position in CAE by 132.4% during the first quarter. Sequoia Financial Advisors LLC now owns 49,556 shares of the aerospace company's stock worth $1,219,000 after purchasing an additional 28,237 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of CAE by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 300,522 shares of the aerospace company's stock worth $7,390,000 after buying an additional 5,108 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of CAE in the 4th quarter valued at $4,746,000. LPL Financial LLC lifted its holdings in CAE by 32.4% during the 4th quarter. LPL Financial LLC now owns 45,236 shares of the aerospace company's stock worth $1,148,000 after buying an additional 11,061 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd boosted its holdings in CAE by 7.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after purchasing an additional 1,702,904 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CAE. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of CAE in a report on Monday, July 7th. CIBC reiterated a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Scotiabank upgraded CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, May 15th. Wall Street Zen raised shares of CAE from a "hold" rating to a "buy" rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group began coverage on CAE in a research note on Monday, June 30th. They set a "buy" rating and a $33.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, CAE currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Stock Performance

CAE stock opened at $28.57 on Friday. The firm has a market capitalization of $9.16 billion, a P/E ratio of 31.74, a PEG ratio of 2.38 and a beta of 1.34. CAE Inc has a 52 week low of $16.20 and a 52 week high of $30.13. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $28.07 and a 200 day moving average price of $25.67.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. CAE's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Equities research analysts anticipate that CAE Inc will post 0.83 earnings per share for the current 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.

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