Fiera Capital Corp Purchases 928 Shares of CAE Inc. (NYSE:CAE)

Fiera Capital Corp grew its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 538,938 shares of the aerospace company’s stock after acquiring an additional 928 shares during the period. Fiera Capital Corp owned 0.17% of CAE worth $10,014,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hillsdale Investment Management Inc. increased its position in CAE by 45.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 500 shares in the last quarter. Spire Wealth Management grew its stake in shares of CAE by 52.8% during the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 697 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 707 shares in the last quarter. Confluence Investment Management LLC raised its position in CAE by 3.5% in the 2nd quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock worth $466,000 after purchasing an additional 857 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in CAE by 2.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after buying an additional 871 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAE has been the topic of several research reports. Morgan Stanley lowered CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Canaccord Genuity Group reiterated a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, Canaccord Genuity Group lowered CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.00.

CAE Stock Performance

Shares of NYSE:CAE traded up $0.29 during trading on Wednesday, reaching $17.97. 153,965 shares of the stock were exchanged, compared to its average volume of 586,220. The firm has a market cap of $5.73 billion, a PE ratio of -24.60, a PEG ratio of 1.30 and a beta of 1.67. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $25.04. The stock has a 50-day moving average price of $17.98 and a 200-day moving average price of $18.93.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. CAE’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share. Research analysts expect that CAE Inc. will post 0.86 EPS for the current fiscal year.

CAE Company 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.