Lenox Wealth Management Inc. lessened its stake in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 153,267 shares of the aerospace company’s stock after selling 14,614 shares during the period. CAE makes up about 1.1% of Lenox Wealth Management Inc.’s portfolio, making the stock its 20th biggest position. Lenox Wealth Management Inc. owned approximately 0.06% of CAE worth $3,892,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. BB&T Securities LLC grew its position in CAE by 3.1% during the 3rd quarter. BB&T Securities LLC now owns 13,221 shares of the aerospace company’s stock worth $332,000 after purchasing an additional 399 shares during the last quarter. Parallel Advisors LLC lifted its stake in CAE by 8.9% during the 3rd quarter. Parallel Advisors LLC now owns 5,839 shares of the aerospace company’s stock valued at $148,000 after acquiring an additional 477 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CAE by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,561 shares of the aerospace company’s stock valued at $1,184,000 after acquiring an additional 577 shares during the period. Northern Trust Corp lifted its stake in CAE by 0.4% during the 2nd quarter. Northern Trust Corp now owns 143,758 shares of the aerospace company’s stock valued at $3,861,000 after acquiring an additional 594 shares during the period. Finally, First Bank & Trust lifted its stake in CAE by 22.2% during the 2nd quarter. First Bank & Trust now owns 6,776 shares of the aerospace company’s stock valued at $182,000 after acquiring an additional 1,229 shares during the period. 51.36% of the stock is currently owned by institutional investors.
Shares of CAE traded up $0.40 during trading hours on Friday, hitting $25.93. The stock had a trading volume of 185,876 shares, compared to its average volume of 185,760. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.87 and a current ratio of 1.20. The firm has a 50-day moving average price of $25.04 and a 200 day moving average price of $25.59. Cae Inc has a fifty-two week low of $17.82 and a fifty-two week high of $28.03. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.48 and a beta of 0.80.
CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Wednesday, August 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). CAE had a net margin of 9.45% and a return on equity of 13.94%. The firm had revenue of $825.60 million during the quarter, compared to analyst estimates of $849.39 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, analysts predict that Cae Inc will post 1.02 EPS for the current fiscal year.
Several analysts have commented on CAE shares. TD Securities lifted their price objective on shares of CAE from $34.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Scotiabank upgraded shares of CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, August 30th. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday, October 21st. Raymond James restated a “hold” rating on shares of CAE in a research note on Friday, August 16th. Finally, ValuEngine cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.67.
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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