CAE Inc $CAE Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. cut its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 8.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 184,450 shares of the aerospace company’s stock after selling 17,594 shares during the period. Stanley Laman Group Ltd.’s holdings in CAE were worth $5,399,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CAE. State of Wyoming lifted its stake in CAE by 39.4% during the first quarter. State of Wyoming now owns 8,431 shares of the aerospace company’s stock worth $207,000 after purchasing an additional 2,385 shares during the last quarter. Clarius Group LLC purchased a new stake in CAE in the first quarter valued at approximately $246,000. Neuberger Berman Group LLC purchased a new stake in CAE in the first quarter valued at approximately $263,000. United Services Automobile Association lifted its stake in 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 buying an additional 462 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in CAE in the second quarter valued at approximately $277,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Securities upgraded CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of CAE in a report on Wednesday, October 8th. The Goldman Sachs Group started coverage on CAE in a report on Monday, June 30th. They issued a “buy” rating and a $33.00 target price on the stock. Scotiabank reissued an “outperform” rating on shares of CAE in a report on Thursday, August 14th. Finally, Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.67.

CAE Stock Down 0.3%

CAE stock opened at $27.41 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.36. CAE Inc has a fifty-two week low of $17.58 and a fifty-two week high of $30.13. The stock’s fifty day moving average is $27.61 and its two-hundred day moving average is $26.77.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. CAE had a return on equity of 7.92% and a net margin of 8.70%.The firm had revenue of $806.92 million during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the business posted $0.21 EPS. Analysts predict that CAE Inc will post 0.83 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.