Shell Asset Management Co. Purchases 17,297 Shares of CAE Inc $CAE

Key Points

• Shell Asset Management Co. increased its holdings in CAE Inc by 36.3%, acquiring an additional 17,297 shares, bringing their total to 64,884 shares valued at approximately $1.9 million.
• Analysts have mixed views on CAE Inc, with ratings varying from "hold" to "strong-buy," leading to an average price target of $33.67 for the stock.
• CAE Inc reported earnings of $0.15 per share for the last quarter, matching analysts' expectations, but its revenue came in below consensus estimates at $806.92 million.

Shell Asset Management Co. raised its position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 36.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,884 shares of the aerospace company's stock after purchasing an additional 17,297 shares during the period. Shell Asset Management Co.'s holdings in CAE were worth $1,898,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Clarius Group LLC boosted its holdings in CAE by 11.2% in the 2nd quarter. Clarius Group LLC now owns 11,136 shares of the aerospace company's stock valued at $326,000 after purchasing an additional 1,122 shares during the period. Truist Financial Corp lifted its holdings in shares of CAE by 5.6% during the 2nd quarter. Truist Financial Corp now owns 67,272 shares of the aerospace company's stock worth $1,969,000 after acquiring an additional 3,580 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of CAE during the 2nd quarter worth $277,000. Intech Investment Management LLC lifted its holdings in shares of CAE by 108.8% during the 1st quarter. Intech Investment Management LLC now owns 180,771 shares of the aerospace company's stock worth $4,444,000 after acquiring an additional 94,200 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in shares of CAE by 13.5% during the 1st quarter. Plato Investment Management Ltd now owns 37,746 shares of the aerospace company's stock worth $938,000 after acquiring an additional 4,502 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CAE shares. Cibc World Mkts raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Wall Street Zen downgraded shares of CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. TD Securities raised shares of CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Jefferies Financial Group reissued a "hold" rating and issued a $30.00 price target on shares of CAE in a research note on Monday, July 21st. Finally, The Goldman Sachs Group initiated coverage on shares of CAE in a research note on Monday, June 30th. They issued a "buy" rating and a $33.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.67.

CAE Stock Performance

Shares of NYSE:CAE opened at $28.59 on Thursday. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 2.52 and a beta of 1.36. The company has a 50-day moving average price of $27.77 and a 200-day moving average price of $26.65. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. CAE Inc has a 12 month low of $17.58 and a 12 month high of $30.13.

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, meeting the consensus estimate of $0.15. The firm had revenue of $806.92 million during the quarter, compared to the consensus estimate of $1.12 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. During the same period in the prior year, the firm posted $0.21 earnings per share. As a group, equities analysts anticipate that CAE Inc will post 0.83 EPS for the current 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.

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