Kayne Anderson Rudnick Investment Management LLC Has $13.14 Million Stake in CAE Inc $CAE

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in CAE Inc by 42.7% in the first quarter, selling 398,008 shares and now owning approximately 0.17% of the company.
• Institutional investors currently hold 67.36% of CAE's stock, with several funds acquiring new positions recently, indicating a changing landscape for investor ownership.
• Analysts have mixed opinions on CAE, with two giving a Strong Buy rating, while the stock has an average target price of $33.67 and a current price near $26.74.

Kayne Anderson Rudnick Investment Management LLC lowered its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 42.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 534,357 shares of the aerospace company's stock after selling 398,008 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.17% of CAE worth $13,140,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec lifted its holdings in CAE by 25.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock worth $784,651,000 after acquiring an additional 6,313,165 shares during the last quarter. JARISLOWSKY FRASER Ltd raised its holdings in shares of CAE by 7.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after buying an additional 1,702,904 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of CAE by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company's stock valued at $303,957,000 after buying an additional 149,142 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of CAE during the fourth quarter valued at approximately $201,771,000. Finally, Select Equity Group L.P. raised its holdings in shares of CAE by 427.1% during the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after buying an additional 5,462,455 shares during the last quarter. Institutional investors own 67.36% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $30.00 price target on shares of CAE in a report on Monday, July 21st. The Goldman Sachs Group assumed coverage on CAE in a report on Monday, June 30th. They set a "buy" rating and a $33.00 price target on the stock. CIBC reaffirmed a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Wall Street Zen cut CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of CAE in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CAE currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.67.

CAE Trading Down 0.0%

Shares of CAE stock traded down $0.01 on Thursday, reaching $27.02. 462,265 shares of the company were exchanged, compared to its average volume of 719,120. CAE Inc has a fifty-two week low of $17.34 and a fifty-two week high of $30.13. The firm has a market capitalization 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 current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $28.35 and a 200-day moving average price of $26.05.

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. CAE had a net margin of 8.70% and a return on equity of 7.92%. The business had revenue of $806.92 million for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, analysts expect that CAE Inc will post 0.83 EPS 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.