Triasima Portfolio Management inc. Sells 174,908 Shares of CAE Inc $CAE

Triasima Portfolio Management inc. lowered its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 88.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,600 shares of the aerospace company’s stock after selling 174,908 shares during the period. Triasima Portfolio Management inc.’s holdings in CAE were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CAE. CIBC Private Wealth Group LLC bought a new stake in shares of CAE during the third quarter valued at approximately $42,000. Bessemer Group Inc. grew its holdings in shares of CAE by 26.0% in the third quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock valued at $164,000 after purchasing an additional 1,145 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of CAE in the fourth quarter valued at $228,000. United Services Automobile Association grew its holdings in shares of CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 462 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in shares of CAE in the third quarter valued at $280,000. Institutional investors own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

CAE has been the subject of a number of recent research reports. Zacks Research lowered shares of CAE from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. TD Securities reissued a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Weiss Ratings lowered shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Canaccord Genuity Group assumed coverage on shares of CAE in a research note on Friday, March 13th. They set a “buy” rating for the company. Finally, Jefferies Financial Group dropped their price objective on shares of CAE from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CAE presently has an average rating of “Moderate Buy” and an average price target of $33.33.

CAE Stock Up 0.1%

NYSE:CAE opened at $25.87 on Monday. CAE Inc has a twelve month low of $23.88 and a twelve month high of $34.24. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 2.93 and a beta of 1.03. The stock has a fifty day simple moving average of $27.41 and a 200-day simple moving average of $28.84. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. CAE had a return on equity of 7.75% and a net margin of 7.70%.The business had revenue of $911.78 million during the quarter, compared to the consensus estimate of $922.62 million. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that CAE Inc will post 0.87 EPS for the current year.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.