CAE Inc (NYSE:CAE) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its holdings in CAE Inc by 3.7%, owning 278,268 shares valued at approximately $6.84 million after selling 10,681 shares in the first quarter.
• Shares of CAE opened at $28.88, boasting a market capitalization of $9.26 billion and a price-to-earnings ratio of 32.09.
• CAE reported earnings of $0.33 per share for the recent quarter, slightly exceeding analysts' expectations, with a revenue of $886.20 million, showing a 13.2% year-over-year increase.

Natixis Advisors LLC cut its position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,268 shares of the aerospace company's stock after selling 10,681 shares during the quarter. Natixis Advisors LLC owned 0.09% of CAE worth $6,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CAE by 2.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company's stock valued at $1,803,000 after buying an additional 2,062 shares in the last quarter. TD Asset Management Inc grew its stake in shares of CAE by 2.1% in the first quarter. TD Asset Management Inc now owns 1,574,426 shares of the aerospace company's stock valued at $38,703,000 after buying an additional 31,697 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of CAE by 49.7% in the first quarter. Cetera Investment Advisers now owns 17,045 shares of the aerospace company's stock valued at $419,000 after buying an additional 5,659 shares in the last quarter. Dynasty Wealth Management LLC grew its stake in shares of CAE by 6.5% in the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company's stock valued at $443,000 after buying an additional 1,099 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of CAE by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 300,522 shares of the aerospace company's stock valued at $7,390,000 after buying an additional 5,108 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Up 1.9%

Shares of NYSE CAE opened at $28.88 on Tuesday. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.32 and a beta of 1.34. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.58. The business has a 50-day moving average of $27.86 and a two-hundred day moving average of $25.60. CAE Inc has a 1 year low of $15.95 and a 1 year high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $886.20 million during the quarter, compared to the consensus estimate of $1.30 billion. CAE had a return on equity of 8.17% and a net margin of 8.55%. CAE's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 EPS. On average, analysts forecast that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CAE has been the subject of a number of research reports. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. CIBC reissued a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Royal Bank Of Canada reissued a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. Jefferies Financial Group reissued a "hold" rating and set a $30.00 target price on shares of CAE in a research note on Monday, July 21st. Finally, Cibc World Mkts raised CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $33.67.

About CAE

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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