Legal & General Group Plc Decreases Stake in CAE Inc $CAE

Legal & General Group Plc lessened its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,293,608 shares of the aerospace company’s stock after selling 17,765 shares during the quarter. Legal & General Group Plc’s holdings in CAE were worth $37,839,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CAE. Browning West LP raised its position in shares of CAE by 131.4% in the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock valued at $337,742,000 after buying an additional 7,800,012 shares during the last quarter. Vanguard Group Inc. grew 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 in the last quarter. Select Equity Group L.P. raised its holdings in CAE by 16.7% in the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock valued at $193,314,000 after acquiring an additional 1,122,470 shares during the last quarter. National Bank of Canada FI lifted its stake in CAE by 15.6% in the 1st quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company’s stock worth $149,530,000 after purchasing an additional 822,037 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of 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 purchasing an additional 337,118 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Performance

Shares of CAE stock opened at $26.45 on Thursday. The firm has a market cap of $8.50 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. CAE Inc has a 52 week low of $20.36 and a 52 week high of $30.13. The business’s fifty day simple moving average is $27.67 and its 200-day simple moving average is $27.48.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on CAE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a report on Monday. TD Securities raised CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Scotiabank reiterated an “outperform” rating on shares of CAE in a report on Thursday, August 14th. Royal Bank Of Canada dropped their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Finally, Zacks Research cut shares of CAE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

CAE 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.