Kayne Anderson Rudnick Investment Management LLC Decreases Stock Holdings in CAE Inc. (NYSE:CAE)

Kayne Anderson Rudnick Investment Management LLC reduced its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 5.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,995,233 shares of the aerospace company’s stock after selling 115,614 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.63% of CAE worth $37,071,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

CAE Stock Performance

Shares of CAE opened at $17.84 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of -24.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.67. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $24.22. The stock’s 50-day simple moving average is $17.73 and its 200 day simple moving average is $18.83.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 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 analyst estimates of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. CAE’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. Research analysts forecast 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.