Vident Advisory LLC Grows Stake in CAE Inc $CAE

Key Points

• Vident Advisory LLC increased its stake in CAE Inc by 134.4%, acquiring approximately 877,491 shares valued at $21,571,000 by the end of the first quarter.
• Several institutional investors also adjusted their holdings in CAE, with notable increases from Nomura Holdings ($201.7 million) and Caisse DE Depot et Placement du Quebec, which now owns shares worth $784.7 million.
• CAE reported earnings of $0.15 per share, matching expectations, while revenue for the quarter fell below estimates at $806.92 million compared to the projected $1.12 billion.

Vident Advisory LLC grew its position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 134.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 877,491 shares of the aerospace company's stock after buying an additional 503,098 shares during the quarter. Vident Advisory LLC owned 0.27% of CAE worth $21,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CAE. Caisse DE Depot ET Placement DU Quebec raised its holdings in CAE by 25.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock worth $784,651,000 after purchasing an additional 6,313,165 shares during the period. JARISLOWSKY FRASER Ltd increased its stake in CAE by 7.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock worth $606,697,000 after buying an additional 1,702,904 shares in the last quarter. Vanguard Group Inc. grew its position in shares of CAE by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company's stock valued at $303,957,000 after purchasing an additional 149,142 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of CAE during the fourth quarter valued at about $201,771,000. Finally, Select Equity Group L.P. grew its position in shares of CAE by 427.1% during 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 purchasing an additional 5,462,455 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. TD Securities raised shares of CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. CIBC reissued a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. The Goldman Sachs Group initiated coverage on shares of CAE in a research note on Monday, June 30th. They set a "buy" rating and a $33.00 price target for the company. Scotiabank reissued an "outperform" rating on shares of CAE in a report on Thursday, August 14th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $33.67.

CAE Stock Performance

NYSE CAE traded up $0.02 on Wednesday, reaching $26.73. 136,128 shares of the company's stock traded hands, compared to its average volume of 568,492. The stock has a 50 day moving average price of $28.39 and a 200-day moving average price of $26.11. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 2.38 and a beta of 1.36. CAE Inc has a fifty-two week low of $17.34 and a fifty-two week high of $30.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87.

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 for the quarter, hitting analysts' consensus estimates 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 net margin of 8.70% and a return on equity of 7.92%. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities research analysts predict that CAE Inc will post 0.83 EPS for the current fiscal 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.