National Bank of Canada FI Acquires 413,389 Shares of CAE Inc. (NYSE:CAE)

National Bank of Canada FI grew its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 8.7% in the fourth quarter, HoldingsChannel reports. The fund owned 5,168,647 shares of the aerospace company’s stock after purchasing an additional 413,389 shares during the quarter. National Bank of Canada FI’s holdings in CAE were worth $109,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of CAE. SG Americas Securities LLC bought a new position in shares of CAE during the 3rd quarter valued at approximately $349,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CAE by 2.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,638 shares of the aerospace company’s stock worth $3,017,000 after acquiring an additional 3,200 shares during the period. Steph & Co. boosted its holdings in shares of CAE by 42.8% in the third quarter. Steph & Co. now owns 9,448 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 2,832 shares during the period. CIBC Asset Management Inc increased its holdings in CAE by 90.5% during the 3rd quarter. CIBC Asset Management Inc now owns 561,745 shares of the aerospace company’s stock worth $13,155,000 after purchasing an additional 266,927 shares during the period. Finally, Allworth Financial LP lifted its holdings 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 period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Up 1.4 %

Shares of CAE traded up $0.28 during midday trading on Friday, hitting $20.47. 315,743 shares of the company’s stock traded hands, compared to its average volume of 612,369. CAE Inc. has a 1 year low of $18.26 and a 1 year high of $25.04. The firm’s fifty day moving average is $19.57 and its 200-day moving average is $20.31. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.58.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. CAE had a return on equity of 7.52% and a net margin of 6.20%. The business had revenue of $804.01 million during the quarter, compared to the consensus estimate of $807.13 million. As a group, sell-side analysts anticipate that CAE Inc. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.