Triasima Portfolio Management inc. Makes New $4.62 Million Investment in CAE Inc $CAE

Key Points

• Triasima Portfolio Management Inc. has made a new investment of approximately $4.62 million in CAE Inc by acquiring 157,900 shares during the 2nd quarter.
• CAE's recent earnings report showed an EPS of $0.15, matching consensus estimates, but revenue fell short at $806.92 million against a projected $1.12 billion.
• Analysts have mixed opinions on CAE, with ratings ranging from "Strong Buy" to "Hold" and a consensus price target of approximately $33.67.

Triasima Portfolio Management inc. purchased a new position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 157,900 shares of the aerospace company's stock, valued at approximately $4,618,000.

Several other institutional investors also recently added to or reduced their stakes in CAE. Ritholtz Wealth Management bought a new position in CAE in the 1st quarter worth approximately $1,483,000. Louisbourg Investments Inc. bought a new position in CAE in the 1st quarter worth approximately $2,769,000. Clarius Group LLC acquired a new stake in shares of CAE during the 1st quarter worth approximately $246,000. Intact Investment Management Inc. grew its holdings in shares of CAE by 51.3% during the 1st quarter. Intact Investment Management Inc. now owns 820,290 shares of the aerospace company's stock worth $20,170,000 after purchasing an additional 278,210 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of CAE by 132.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 49,556 shares of the aerospace company's stock worth $1,219,000 after purchasing an additional 28,237 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Price Performance

CAE stock opened at $28.48 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.60. The company has a market capitalization of $9.13 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 2.56 and a beta of 1.36. CAE Inc has a one year low of $17.58 and a one year high of $30.13. The business has a 50 day simple moving average of $27.77 and a 200 day simple moving average of $26.63.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business 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 quarter last year, the company earned $0.21 EPS. On average, sell-side analysts forecast that CAE Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CAE. The Goldman Sachs Group began coverage on CAE in a report on Monday, June 30th. They set a "buy" rating and a $33.00 price objective on the stock. Scotiabank reissued an "outperform" rating on shares of CAE in a report on Thursday, August 14th. Royal Bank Of Canada reissued a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Jefferies Financial Group reissued 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 lowered CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Two research 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 company. According to MarketBeat, CAE presently has a consensus rating of "Moderate Buy" and an average price target of $33.67.

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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