Hsbc Holdings PLC Lowers Stock Position in CAE Inc $CAE

Key Points

• Hsbc Holdings PLC has reduced its stake in CAE Inc by 32.1%, now owning 163,042 shares valued at approximately $4.01 million as of its latest SEC filing.
• Institutional investors own about 67.36% of CAE's stock, with significant increases from Caisse DE Depot ET Placement DU Quebec and Select Equity Group L.P. in the last quarter.
• Analysts have mixed views on CAE's stock, with two firms rating it as a Strong Buy and others issuing "hold" ratings, resulting in an average rating of Moderate Buy with a target price of $33.67.

Hsbc Holdings PLC lessened its stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 32.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,042 shares of the aerospace company's stock after selling 76,954 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of CAE worth $4,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers grew its stake in CAE by 49.7% in the 1st quarter. Cetera Investment Advisers now owns 17,045 shares of the aerospace company's stock worth $419,000 after buying an additional 5,659 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in CAE by 132.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 49,556 shares of the aerospace company's stock worth $1,219,000 after buying an additional 28,237 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in CAE in the 1st quarter worth approximately $11,365,000. National Bank of Canada FI grew its stake in CAE by 15.6% in the 1st quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company's stock worth $149,530,000 after buying an additional 822,037 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in CAE by 1.7% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Trading Down 0.2%

Shares of CAE traded down $0.05 during mid-day trading on Monday, hitting $26.97. 380,558 shares of the company's stock traded hands, compared to its average volume of 718,517. 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 Inc has a 1 year low of $17.34 and a 1 year high of $30.13. The firm has a market capitalization of $8.65 billion, a P/E ratio of 29.31, a PEG ratio of 2.38 and a beta of 1.36. The business's 50-day moving average price is $28.38 and its 200-day moving average price is $26.10.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. CAE had a return on equity of 7.92% and a net margin of 8.70%.The firm had revenue of $806.92 million for the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. As a group, sell-side analysts forecast that CAE Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CAE shares. TD Securities upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Scotiabank restated an "outperform" rating on shares of CAE in a report on Thursday, August 14th. The Goldman Sachs Group started coverage on shares of CAE in a report on Monday, June 30th. They issued a "buy" rating and a $33.00 price objective for the company. Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Finally, CIBC restated a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, CAE currently has an average rating of "Moderate Buy" and an average target price of $33.67.

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.