Schechter Investment Advisors LLC Has $862,000 Stake in CAE Inc (NYSE:CAE)

Schechter Investment Advisors LLC decreased its position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 22.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,064 shares of the aerospace company's stock after selling 9,983 shares during the quarter. Schechter Investment Advisors LLC's holdings in CAE were worth $862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAE. Nomura Holdings Inc. acquired a new stake in shares of CAE in the 4th quarter valued at about $201,771,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of CAE by 25.7% in 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 during the last quarter. Browning West LP acquired a new stake in shares of CAE in the fourth quarter valued at about $150,629,000. Select Equity Group L.P. increased its position in shares of CAE by 427.1% in the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after acquiring an additional 5,462,455 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CAE in the fourth quarter valued at about $98,436,000. Institutional investors and hedge funds own 67.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. CIBC reaffirmed a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Cibc World Mkts raised CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of CAE in a research report on Monday, July 7th. Finally, National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.00.

CAE Trading Up 2.3%

CAE stock opened at $29.50 on Tuesday. CAE Inc has a 52 week low of $15.95 and a 52 week high of $30.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.58 and a current ratio of 0.80. The stock has a market capitalization of $9.45 billion, a P/E ratio of 32.77, a PEG ratio of 2.38 and a beta of 1.30. The stock has a 50-day simple moving average of $26.76 and a 200 day simple moving average of $25.08.

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

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