CAE Inc $CAE Shares Sold by Pembroke Management LTD

Key Points

• Pembroke Management LTD reduced its stake in CAE Inc by 25% in the first quarter, holding 35,662 shares valued at approximately $877,000 after selling 11,911 shares.
• Several institutional investors have adjusted their holdings in CAE, with Cetera Investment Advisers increasing theirs by 4.6% and Dynasty Wealth Management boosting theirs by 6.5% in the same timeframe.
• CAE reported earnings of $0.15 per share for its most recent quarter, meeting analysts' expectations, but its revenue of $806.92 million fell short of the $1.12 billion forecast.

Pembroke Management LTD lessened its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 25.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,662 shares of the aerospace company's stock after selling 11,911 shares during the period. Pembroke Management LTD's holdings in CAE were worth $877,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec grew its stake in CAE by 25.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock valued at $784,651,000 after acquiring an additional 6,313,165 shares in the last quarter. JARISLOWSKY FRASER Ltd boosted its holdings in CAE by 7.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after purchasing an additional 1,702,904 shares during the last quarter. Vanguard Group Inc. boosted its holdings in CAE by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company's stock valued at $303,957,000 after purchasing an additional 149,142 shares during the last quarter. Nomura Holdings Inc. acquired a new position in CAE in the 4th quarter valued at about $201,771,000. Finally, Select Equity Group L.P. boosted its holdings in CAE by 427.1% in the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after purchasing an additional 5,462,455 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. CIBC reiterated a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Scotiabank reiterated an "outperform" rating on shares of CAE in a report on Thursday, August 14th. Wall Street Zen lowered shares of CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Jefferies Financial Group reiterated a "hold" rating and issued a $30.00 target price on shares of CAE in a report on Monday, July 21st. Finally, The Goldman Sachs Group assumed 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. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.67.

CAE Trading Up 0.4%

Shares of CAE stock traded up $0.10 during trading hours on Wednesday, hitting $26.81. The company had a trading volume of 100,509 shares, compared to its average volume of 568,287. The company's fifty day moving average is $28.39 and its 200 day moving average is $26.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.60. CAE Inc has a fifty-two week low of $17.34 and a fifty-two week high of $30.13. The stock has a market capitalization of $8.60 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 2.38 and a beta of 1.36.

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