9,063 Shares in CAE Inc $CAE Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,063 shares of the aerospace company’s stock, valued at approximately $265,000.

Several other institutional investors have also made changes to their positions in CAE. Bessemer Group Inc. raised its holdings in shares of CAE by 360.9% during the second quarter. Bessemer Group Inc. now owns 4,402 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 3,447 shares during the period. State of Wyoming lifted its holdings in shares of CAE by 39.4% in the first quarter. State of Wyoming now owns 8,431 shares of the aerospace company’s stock valued at $207,000 after purchasing an additional 2,385 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of CAE in the second quarter worth $236,000. PNC Financial Services Group Inc. boosted its position in shares of CAE by 11.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock worth $249,000 after buying an additional 851 shares during the period. Finally, Neuberger Berman Group LLC purchased a new position in shares of CAE during the first quarter valued at $263,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAE has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of CAE in a research note on Monday. Royal Bank Of Canada reduced their price target 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, November 13th. Wall Street Zen downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Zacks Research lowered shares of CAE from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Finally, TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, CAE currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Trading Down 0.3%

CAE stock opened at $25.90 on Wednesday. CAE Inc has a one year low of $20.36 and a one year high of $30.13. The company’s fifty day moving average price is $27.68 and its two-hundred day moving average price is $27.49. 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 $8.33 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.49 and a beta of 1.42.

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