Ritholtz Wealth Management Makes New Investment in CAE Inc (NYSE:CAE)

Ritholtz Wealth Management acquired a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 60,294 shares of the aerospace company's stock, valued at approximately $1,483,000.

Other hedge funds have also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec grew its stake in CAE by 25.7% during the fourth 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 grew its position in shares of CAE by 7.6% during the fourth 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 in the last quarter. Brandes Investment Partners LP increased its holdings in shares of CAE by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company's stock worth $378,459,000 after purchasing an additional 221,205 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of CAE by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company's stock worth $310,134,000 after buying an additional 181,807 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of CAE in the fourth quarter worth about $201,771,000. Hedge funds and other institutional investors own 67.36% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CAE shares. National Bank Financial upgraded CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Wall Street Zen upgraded CAE from a "hold" rating to a "buy" rating in a research report on Tuesday, May 27th. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CAE has a consensus rating of "Moderate Buy" and a consensus target price of $32.33.

CAE Trading Down 1.3%

NYSE CAE traded down $0.35 on Friday, hitting $26.21. 317,757 shares of the stock were exchanged, compared to its average volume of 543,506. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.58 and a current ratio of 0.80. CAE Inc has a 52-week low of $15.95 and a 52-week high of $27.62. The firm has a market capitalization of $8.40 billion, a P/E ratio of 29.15, a P/E/G ratio of 2.19 and a beta of 1.28. The stock has a fifty day moving average price of $25.35 and a two-hundred day moving average price of $24.54.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results 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. The firm had revenue of $886.20 million during the quarter, compared to analyst estimates of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. The business's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. Research analysts forecast that CAE Inc will post 0.83 EPS for the current fiscal year.

CAE Company Profile

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.