National Bank of Canada Adds $11M in CAE Inc. ($CAE)
Key Points
- National Bank of Canada changed its CAE Inc. ($CAE) stake by 12.1% last quarter, boosting to 4,154,727 shares worth $105.90 million.
- Wall Street's consensus rating on $CAE is Buy and an average price target of $32.57.
- $CAE last traded around $25.49.
National Bank of Canada increased its position in CAE Inc. ($CAE) by 12.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,154,727 shares of CAE Inc. after buying 448,422 shares during the quarter. National Bank of Canada's holdings in CAE Inc. were worth $105.90 million as of its most recent filing.
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About CAE Inc.
CAE Inc., together with its subsidiaries, provides training, simulation, and critical operation solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and rest of the Americas. The company operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, ground personnel, and air traffic controllers in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as airline operations digital solutions. The Defense and Security segment operates as a training and simulation provider that delivers scalable and platform-independent solutions to enable and enhance force readiness and security for defense forces, original equipment manufacturers (OEMs), government agencies, and public safety organizations. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in 1993. CAE Inc. was incorporated in 1947 and is headquartered in Saint-Laurent, Canada.
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