CAE Inc (NYSE:CAE) Shares Acquired by PCJ Investment Counsel Ltd.

Key Points

• PCJ Investment Counsel Ltd. increased its stake in CAE Inc by 245.9% in the 1st quarter, owning 334,100 shares valued at approximately $8.2 million.
• Several institutional investors, including Caisse DE Depot ET Placement DU Quebec and Select Equity Group L.P., have also significantly increased their positions in CAE during the fourth quarter of the previous year.
• CAE Inc reported $0.33 earnings per share for the last quarter, exceeding expectations, and had a year-over-year revenue growth of 13.2%.

PCJ Investment Counsel Ltd. increased its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 245.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 334,100 shares of the aerospace company's stock after buying an additional 237,510 shares during the period. CAE comprises approximately 3.2% of PCJ Investment Counsel Ltd.'s holdings, making the stock its 8th biggest position. PCJ Investment Counsel Ltd. owned 0.10% of CAE worth $8,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Natixis acquired a new position in CAE during the 4th quarter valued at about $38,000. Versant Capital Management Inc acquired a new position in CAE during the 1st quarter valued at about $53,000. First Trust Advisors LP acquired a new position in CAE during the 4th quarter valued at about $213,000. Orion Portfolio Solutions LLC acquired a new position in CAE during the 4th quarter valued at about $225,000. Finally, Clarius Group LLC acquired a new position in CAE during the 1st quarter valued at about $246,000. 67.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CAE. Cibc World Mkts raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Finally, Wall Street Zen raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Tuesday, May 27th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, CAE presently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

CAE Stock Up 0.1%

CAE stock traded up $0.02 during trading hours on Friday, hitting $28.58. The company's stock had a trading volume of 415,774 shares, compared to its average volume of 597,532. The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $9.16 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 2.34 and a beta of 1.34. CAE Inc has a 12 month low of $16.20 and a 12 month high of $30.13. The stock has a 50 day moving average price of $28.12 and a two-hundred day moving average price of $25.71.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. CAE had a net margin of 8.55% and a return on equity of 8.17%. The business had revenue of $886.20 million during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm earned $0.37 EPS. CAE's quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts expect 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.