JARISLOWSKY FRASER Ltd Has $620.29 Million Stock Holdings in CAE Inc $CAE

JARISLOWSKY FRASER Ltd trimmed its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,943,262 shares of the aerospace company’s stock after selling 805,474 shares during the period. CAE makes up approximately 3.4% of JARISLOWSKY FRASER Ltd’s holdings, making the stock its 8th biggest holding. JARISLOWSKY FRASER Ltd owned 0.07% of CAE worth $620,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming boosted its holdings in CAE by 39.4% in the first quarter. State of Wyoming now owns 8,431 shares of the aerospace company’s stock worth $207,000 after acquiring an additional 2,385 shares in the last quarter. Amundi boosted its stake in CAE by 9.3% in the 1st quarter. Amundi now owns 293,606 shares of the aerospace company’s stock worth $6,917,000 after purchasing an additional 24,985 shares in the last quarter. Millennium Management LLC acquired a new stake in CAE in the 1st quarter worth approximately $4,170,000. Select Equity Group L.P. grew its holdings in shares of CAE by 16.7% during the first quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock valued at $193,314,000 after buying an additional 1,122,470 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of CAE by 142.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after acquiring an additional 1,004,820 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Performance

NYSE CAE opened at $30.92 on Friday. The stock has a 50-day simple moving average of $28.16 and a two-hundred day simple moving average of $28.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.83. The firm has a market capitalization of $9.94 billion, a P/E ratio of 31.87, a PEG ratio of 2.30 and a beta of 1.15. CAE Inc has a fifty-two week low of $20.36 and a fifty-two week high of $31.68.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. CAE had a return on equity of 7.60% and a net margin of 8.98%.The business had revenue of $897.99 million for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that CAE Inc will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CAE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a research report on Monday. Royal Bank Of Canada reduced their price objective on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. Finally, Zacks Research downgraded CAE from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

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.