Invesco Ltd. Has $54.91 Million Position in CAE Inc $CAE

Key Points

• Invesco Ltd. reduced its holdings in CAE Inc by 39.2% in Q1, owning about 2.23 million shares valued at approximately $54.91 million as of its latest SEC filing.
• Institutional investors and hedge funds currently own 67.36% of CAE's stock, with several firms like Nomura Holdings and Caisse DE Depot ET Placement DU Quebec significantly increasing their stakes in recent months.
• CAE reported quarterly earnings that met analysts' expectations, with an EPS of $0.15, but fell short on revenue, bringing in $806.92 million compared to an anticipated $1.12 billion.

Invesco Ltd. lowered its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 39.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,233,128 shares of the aerospace company's stock after selling 1,440,203 shares during the period. Invesco Ltd. owned about 0.70% of CAE worth $54,913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CAE. Nomura Holdings Inc. acquired a new stake in CAE during the fourth quarter worth $201,771,000. Caisse DE Depot ET Placement DU Quebec boosted its stake 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 purchasing an additional 6,313,165 shares in the last quarter. Browning West LP acquired a new stake in shares of CAE in the 4th quarter valued at $150,629,000. Select Equity Group L.P. boosted its stake 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 purchasing an additional 5,462,455 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd boosted its stake 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 purchasing an additional 1,702,904 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CAE. Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. Scotiabank restated an "outperform" rating on shares of CAE in a research note on Thursday. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. The Goldman Sachs Group began coverage on shares of CAE in a research note on Monday, June 30th. They issued a "buy" rating and a $33.00 target price on the stock. Finally, BMO Capital Markets restated an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Stock Performance

CAE stock opened at $27.46 on Monday. The stock has a 50-day simple moving average of $28.32 and a 200 day simple moving average of $25.86. 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 12-month low of $17.26 and a 12-month high of $30.13. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 2.29 and a beta of 1.34.

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

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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