OneAscent Investment Solutions LLC Buys Shares of 30,462 CAE Inc (NYSE:CAE)

Key Points

• OneAscent Investment Solutions LLC purchased 30,462 shares of CAE Inc, valued at approximately $749,000, making it the firm's 21st largest holding.
• CAE's recent earnings report showed an EPS of $0.15, meeting expectations, but revenue was lower than the $1.12 billion forecasted, coming in at $806.92 million.
• Major analysts have provided mixed ratings on CAE, with the consensus rating categorized as a "Moderate Buy" and an average price target of $33.67.

OneAscent Investment Solutions LLC acquired 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 SEC. The institutional investor acquired 30,462 shares of the aerospace company's stock, valued at approximately $749,000. CAE comprises 0.9% of OneAscent Investment Solutions LLC's investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds have also recently made changes to their positions in CAE. Sequoia Financial Advisors LLC raised its position in CAE by 132.4% during the first quarter. Sequoia Financial Advisors LLC now owns 49,556 shares of the aerospace company's stock valued at $1,219,000 after acquiring an additional 28,237 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CAE in the first quarter worth approximately $11,365,000. Bank of New York Mellon Corp boosted its stake in shares of CAE by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 300,522 shares of the aerospace company's stock worth $7,390,000 after acquiring an additional 5,108 shares during the last quarter. National Bank of Canada FI lifted its position in CAE by 15.6% during the first 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, Raymond James Financial Inc. purchased a new position in CAE during the fourth quarter worth approximately $4,746,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CAE. Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a research report on Monday, July 7th. The Goldman Sachs Group initiated coverage on CAE in a report on Monday, June 30th. They issued a "buy" rating and a $33.00 price objective on the stock. Wall Street Zen cut CAE from a "buy" rating to a "hold" rating in a research note on Saturday. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $30.00 price objective on shares of CAE in a research report on Monday, July 21st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, CAE presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Trading Down 2.0%

Shares of CAE stock traded down $0.55 during mid-day trading on Friday, hitting $27.46. 1,122,368 shares of the company's stock were exchanged, compared to its average volume of 710,660. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.28 and a beta of 1.34. The stock has a 50-day simple moving average of $28.32 and a two-hundred day simple moving average of $25.85. CAE Inc has a fifty-two week low of $17.26 and a fifty-two week high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. CAE had a return on equity of 7.92% and a net margin of 8.70%. The business had revenue of $806.92 million for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $0.21 EPS. Equities analysts expect that CAE Inc will post 0.83 EPS 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.