112,500 Shares in CAE Inc. (NYSE:CAE) Purchased by Louisbourg Investments Inc.

Louisbourg Investments Inc. bought a new stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 112,500 shares of the aerospace company’s stock, valued at approximately $2,769,000.

Several other large investors have also recently bought and sold shares of the stock. Natixis bought a new position in shares of CAE in the fourth quarter valued at approximately $38,000. Versant Capital Management Inc acquired a new stake in CAE in the first quarter worth approximately $53,000. UniSuper Management Pty Ltd acquired a new stake in CAE in the fourth quarter worth approximately $147,000. Allworth Financial LP boosted its stake in CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 913 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of CAE during the 4th quarter valued at $213,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BMO Capital Markets restated an “outperform” rating on shares of CAE in a report on Wednesday, May 14th. Jefferies Financial Group reduced their price objective on shares of CAE from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, May 16th. Royal Bank of Canada cut shares of CAE from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $41.00 to $38.00 in a research note on Wednesday, May 21st. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price target on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.33.

CAE Stock Up 0.1%

CAE stock opened at $26.85 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The firm has a market capitalization of $8.60 billion, a P/E ratio of -51.63, a P/E/G ratio of 1.94 and a beta of 1.28. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The company’s 50 day simple moving average is $25.12 and its 200-day simple moving average is $24.49.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $886.20 million for the quarter, compared to the consensus estimate of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 EPS. As a group, equities research analysts anticipate that CAE Inc. will post 0.83 EPS for the current year.

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.