Stanley Laman Group Ltd. Sells 17,594 Shares of CAE Inc $CAE

Key Points

• Stanley Laman Group Ltd. has reduced its stake in CAE Inc. by 8.7%, selling 17,594 shares and holding 184,450 shares post-sale, valued at approximately $5.4 million.
• Several hedge funds have recently adjusted their positions in CAE, with Ritholtz Wealth Management increasing its holdings by 6.7% and Montrusco Bolton Investments Inc. purchasing a new stake worth about $16.4 million.
• CAE reported earnings per share (EPS) of $0.15 for the latest quarter, matching analyst expectations, but revenue fell short of consensus estimates at $806.92 million.

Stanley Laman Group Ltd. trimmed its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 8.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 184,450 shares of the aerospace company's stock after selling 17,594 shares during the quarter. Stanley Laman Group Ltd. owned 0.06% of CAE worth $5,399,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CAE. Ritholtz Wealth Management raised its holdings in CAE by 6.7% during the 2nd quarter. Ritholtz Wealth Management now owns 64,304 shares of the aerospace company's stock valued at $1,882,000 after buying an additional 4,010 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of CAE by 1.2% during the 2nd quarter. TD Asset Management Inc now owns 1,592,613 shares of the aerospace company's stock valued at $46,582,000 after acquiring an additional 18,187 shares during the last quarter. Montrusco Bolton Investments Inc. purchased a new stake in shares of CAE during the 2nd quarter valued at about $16,394,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of CAE by 11.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,756 shares of the aerospace company's stock valued at $637,000 after acquiring an additional 2,216 shares during the last quarter. Finally, Triasima Portfolio Management inc. purchased a new position in shares of CAE in the second quarter worth approximately $4,618,000. 67.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CAE. Scotiabank reiterated an "outperform" rating on shares of CAE in a research report on Thursday, August 14th. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Jefferies Financial Group restated a "hold" rating and set a $30.00 price objective on shares of CAE in a report on Monday, July 21st. Finally, Wall Street Zen cut shares of CAE from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.67.

CAE Stock Down 0.3%

Shares of NYSE:CAE opened at $27.41 on Friday. The business has a 50-day moving average price of $27.61 and a 200 day moving average price of $26.77. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.44 and a beta of 1.36. 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 return on equity of 7.92% and a net margin of 8.70%.During the same period last year, the company earned $0.21 EPS. Sell-side analysts expect that CAE Inc will post 0.83 EPS 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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