Auxier Asset Management Has $982,000 Stock Position in CAE Inc. (NYSE:CAE)

Auxier Asset Management cut its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 9.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,830 shares of the aerospace company’s stock after selling 5,400 shares during the period. Auxier Asset Management’s holdings in CAE were worth $982,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. JARISLOWSKY FRASER Ltd grew its position in CAE by 1.3% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 22,249,466 shares of the aerospace company’s stock worth $413,168,000 after acquiring an additional 284,768 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of CAE by 1.2% during the first quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock worth $223,593,000 after purchasing an additional 127,504 shares during the last quarter. National Bank of Canada FI increased its stake in shares of CAE by 36.4% in the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock valued at $101,559,000 after buying an additional 1,466,880 shares during the period. Public Sector Pension Investment Board raised its holdings in CAE by 14.5% in the 4th quarter. Public Sector Pension Investment Board now owns 3,932,914 shares of the aerospace company’s stock valued at $85,304,000 after buying an additional 496,640 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in CAE by 17.1% during the 1st quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock worth $76,575,000 after buying an additional 541,066 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAE has been the subject of several recent research reports. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. Morgan Stanley lowered CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, Jefferies Financial Group initiated coverage on CAE in a research note on Thursday, June 6th. They issued a “hold” rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE presently has an average rating of “Hold” and a consensus price target of $28.00.

CAE Stock Performance

Shares of CAE stock opened at $17.84 on Friday. The company has a market cap of $5.69 billion, a P/E ratio of -24.78, a PEG ratio of 1.31 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. The business has a 50-day moving average price of $17.73 and a two-hundred day moving average price of $18.83. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $24.22.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. As a group, analysts anticipate that CAE Inc. will post 0.86 EPS for the current 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.