Stanley Laman Group Ltd. Makes New $1.79 Million Investment in CAE Inc. (NYSE:CAE)

Stanley Laman Group Ltd. purchased a new position in CAE Inc. (NYSE:CAE) (TSE:CAE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 83,003 shares of the aerospace company’s stock, valued at approximately $1,792,000.

Other large investors have also bought and sold shares of the company. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in CAE in the 3rd quarter worth approximately $29,000. Allworth Financial LP grew its position in shares of CAE by 678.3% in the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after buying an additional 1,343 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of CAE by 85.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after buying an additional 935 shares during the last quarter. Pacifica Partners Inc. grew its position in shares of CAE by 24.6% in the 4th quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after buying an additional 793 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of CAE by 24.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,063 shares of the aerospace company’s stock worth $165,000 after buying an additional 1,409 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Up 1.5 %

NYSE:CAE traded up $0.29 during trading hours on Friday, reaching $19.04. 449,032 shares of the company traded hands, compared to its average volume of 552,032. The business’s 50-day moving average price is $19.51 and its two-hundred day moving average price is $20.46. The stock has a market capitalization of $6.06 billion, a P/E ratio of 29.75, a P/E/G ratio of 1.43 and a beta of 1.59. CAE Inc. has a 1 year low of $18.26 and a 1 year high of $25.04. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $804.01 million during the quarter, compared to analysts’ expectations of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. Analysts predict that CAE Inc. will post 0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group lifted their price target on CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Scotiabank lowered CAE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and an average target price of $34.75.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.