CAE Inc $CAE Shares Sold by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. lowered its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,323,765 shares of the aerospace company’s stock after selling 61,109 shares during the quarter. CAE accounts for 1.9% of Letko Brosseau & Associates Inc.’s investment portfolio, making the stock its 18th biggest position. Letko Brosseau & Associates Inc. owned 1.04% of CAE worth $97,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Browning West LP increased its holdings in CAE by 131.4% in the 1st quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock valued at $337,742,000 after purchasing an additional 7,800,012 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CAE by 1.2% in the first quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company’s stock worth $303,957,000 after buying an additional 149,142 shares during the period. Select Equity Group L.P. grew its stake in shares of CAE by 16.7% in the first quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock valued at $193,314,000 after buying an additional 1,122,470 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of CAE by 15.6% during the 1st quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company’s stock valued at $149,530,000 after buying an additional 822,037 shares during the period. Finally, American Century Companies Inc. lifted its position in CAE by 12.8% during the 1st quarter. American Century Companies Inc. now owns 2,964,515 shares of the aerospace company’s stock worth $72,885,000 after acquiring an additional 337,118 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Price Performance

Shares of NYSE CAE opened at $26.41 on Friday. 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 firm has a market capitalization of $8.49 billion, a PE ratio of 28.71, a P/E/G ratio of 2.49 and a beta of 1.42. CAE Inc has a 1-year low of $20.36 and a 1-year high of $30.13. The business’s fifty day moving average price is $27.77 and its two-hundred day moving average price is $27.46.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $897.99 million during the quarter, compared to analyst estimates of $1.13 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. On average, research analysts expect that CAE Inc will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank Of Canada lowered their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday. TD Securities raised CAE from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of CAE in a research report on Wednesday, October 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $30.00 price target on shares of CAE in a report on Monday, July 21st. Finally, Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

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.