Neuberger Berman Group LLC Invests $263,000 in CAE Inc $CAE

Key Points

• Neuberger Berman Group LLC acquired 10,679 shares of CAE Inc, valued at approximately $263,000, during the first quarter, indicating increased investor interest in the aerospace company.
• CAE Inc reported earnings of $0.15 EPS for the last quarter, matching consensus estimates, although revenue fell short of expectations at $806.92 million versus an anticipated $1.12 billion.
• CAE's stock has seen a recent decline of 2.0%, with a market cap of $8.80 billion and fluctuating within a 52-week range of $17.26 to $30.13.

Neuberger Berman Group LLC bought a new position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,679 shares of the aerospace company's stock, valued at approximately $263,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Natixis acquired a new position in CAE in the 4th quarter worth approximately $38,000. Versant Capital Management Inc acquired a new position in CAE in the 1st quarter worth approximately $53,000. First Trust Advisors LP acquired a new position in CAE in the 4th quarter worth approximately $213,000. Clarius Group LLC acquired a new position in CAE in the 1st quarter worth approximately $246,000. Finally, Cetera Investment Advisers boosted its stake in CAE by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after purchasing an additional 497 shares during the period. 67.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CAE shares. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. The Goldman Sachs Group began coverage on shares of CAE in a report on Monday, June 30th. They issued a "buy" rating and a $33.00 target price on the stock. TD Securities upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.67.

CAE Price Performance

Shares of CAE stock traded up $0.34 during trading on Monday, hitting $27.82. 590,262 shares of the company's stock traded hands, compared to its average volume of 745,600. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.60. The firm's fifty day moving average price is $28.33 and its 200 day moving average price is $25.89. CAE Inc has a twelve month low of $17.34 and a twelve month high of $30.13. The company has a market cap of $8.92 billion, a PE ratio of 30.23, a PEG 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 EPS for the quarter, meeting analysts' consensus estimates of $0.15. The firm had revenue of $806.92 million for the quarter, compared to analyst estimates of $1.12 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. During the same period in the previous year, the business earned $0.21 earnings per share. Analysts forecast that CAE Inc will post 0.83 earnings per share for the current 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.