Cresset Asset Management LLC Purchases 57,373 Shares of CAE Inc (NYSE:CAE)

Cresset Asset Management LLC grew its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 10.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 589,884 shares of the aerospace company’s stock after buying an additional 57,373 shares during the period. Cresset Asset Management LLC’s holdings in CAE were worth $14,505,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in CAE by 25.7% during the 4th 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 period. JARISLOWSKY FRASER Ltd lifted its stake in CAE by 7.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company’s stock valued at $606,697,000 after acquiring an additional 1,702,904 shares during the period. Vanguard Group Inc. lifted its stake in CAE by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company’s stock valued at $303,957,000 after acquiring an additional 149,142 shares during the period. Nomura Holdings Inc. acquired a new stake in CAE during the 4th quarter valued at approximately $201,771,000. Finally, Select Equity Group L.P. lifted its stake in CAE by 427.1% during the 4th 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 period. 67.36% of the stock is currently owned by institutional investors.

CAE Price Performance

CAE stock opened at $27.46 on Friday. CAE Inc has a 52-week low of $17.26 and a 52-week high of $30.13. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.28 and a beta of 1.34. The company has a fifty day simple moving average of $28.32 and a 200-day simple moving average of $25.85. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results 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 business had revenue of $806.92 million during the quarter, compared to analyst estimates 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 earned $0.21 earnings per share. On average, equities analysts anticipate that CAE Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. CIBC restated a “neutral” rating on shares of CAE in a research note on Thursday, May 15th. The Goldman Sachs Group began coverage on shares of CAE in a report on Monday, June 30th. They set a “buy” rating and a $33.00 target price for the company. Cibc World Mkts raised shares of CAE from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. BMO Capital Markets reaffirmed an “outperform” rating on shares of CAE in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CAE in a report on Monday, July 7th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, CAE presently has an average rating of “Moderate Buy” and an average target price of $33.67.

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.