Stanley Laman Group Ltd. Buys 14,169 Shares of CAE Inc. (NYSE:CAE)

Stanley Laman Group Ltd. raised its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 6.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 224,392 shares of the aerospace company’s stock after buying an additional 14,169 shares during the period. Stanley Laman Group Ltd.’s holdings in CAE were worth $4,207,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brandes Investment Partners LP boosted its holdings in CAE by 103.8% in the second quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock valued at $206,027,000 after acquiring an additional 5,640,269 shares during the last quarter. Earnest Partners LLC bought a new position in shares of CAE during the 2nd quarter worth approximately $82,597,000. National Bank of Canada FI boosted its holdings in shares of CAE by 36.4% during the 2nd quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock worth $101,559,000 after buying an additional 1,466,880 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of CAE by 67.9% during the 2nd quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock worth $30,176,000 after buying an additional 657,227 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of CAE by 17.1% during the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock worth $76,575,000 after purchasing an additional 541,066 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CAE shares. StockNews.com lowered CAE from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Morgan Stanley lowered CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.00.

CAE Trading Down 2.3 %

NYSE CAE opened at $18.60 on Wednesday. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $23.24. The firm has a market capitalization of $5.94 billion, a P/E ratio of -25.83, a PEG ratio of 1.33 and a beta of 1.67. The business has a fifty day simple moving average of $18.11 and a 200 day simple moving average of $18.59. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted $0.18 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that CAE Inc. will post 0.86 EPS 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.