K.J. Harrison & Partners Inc Buys Shares of 40,131 CAE Inc $CAE

Key Points

• K.J. Harrison & Partners purchased a new stake of 40,131 CAE shares in Q4, valued at approximately $1.22 million.
• Institutional ownership is high at 67.36%, and several other funds (CIBC Private Wealth, Bessemer, Oppenheimer, USAA, Caprock) have recently built or increased positions in CAE.
• Analysts have an average rating of "Moderate Buy" with a $33.33 average price target, and CAE's latest quarter beat EPS estimates ($0.24 vs. $0.22) while revenue was slightly below consensus but up 2.3% year‑over‑year.

K.J. Harrison & Partners Inc bought a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 40,131 shares of the aerospace company's stock, valued at approximately $1,222,000.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new stake in CAE during the 3rd quarter valued at $42,000. Bessemer Group Inc. raised its stake in CAE by 26.0% during the 3rd quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company's stock valued at $164,000 after buying an additional 1,145 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in CAE during the 4th quarter valued at $228,000. United Services Automobile Association raised its stake in CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock valued at $265,000 after buying an additional 462 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in CAE during the 3rd quarter valued at $280,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAE has been the subject of a number of research reports. Scotiabank reiterated an "outperform" rating on shares of CAE in a research note on Tuesday, February 17th. Weiss Ratings downgraded shares of CAE from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, February 17th. Jefferies Financial Group cut their price objective on shares of CAE from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, April 17th. TD Securities reissued a "buy" rating on shares of CAE in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus initiated coverage on shares of CAE in a research report on Wednesday, March 4th. They set a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.33.

CAE Trading Down 0.0%

Shares of CAE stock opened at $27.02 on Friday. CAE Inc has a 1 year low of $23.88 and a 1 year high of $34.24. The firm has a fifty day moving average price of $27.26 and a 200-day moving average price of $28.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 3.08 and a beta of 1.03.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The firm had revenue of $911.78 million during the quarter, compared to the consensus estimate of $922.62 million. CAE had a net margin of 7.70% and a return on equity of 7.75%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. As a group, equities analysts predict that CAE Inc will post 0.87 earnings per share for the current year.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.

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