CAE Inc. (NYSE:CAE) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of CAE Inc. (NYSE:CAEGet Rating) (TSE:CAE) by 58.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,490 shares of the aerospace company’s stock after purchasing an additional 2,405 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in CAE were worth $265,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CAE. Parallel Advisors LLC lifted its stake in CAE by 135.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,535 shares of the aerospace company’s stock valued at $38,000 after buying an additional 882 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in CAE by 40.9% in the 1st quarter. Quadrant Capital Group LLC now owns 3,387 shares of the aerospace company’s stock valued at $89,000 after buying an additional 983 shares in the last quarter. US Bancorp DE lifted its stake in CAE by 24.2% in the 2nd quarter. US Bancorp DE now owns 3,937 shares of the aerospace company’s stock valued at $98,000 after buying an additional 767 shares in the last quarter. Signaturefd LLC lifted its stake in CAE by 16.7% in the 1st quarter. Signaturefd LLC now owns 3,848 shares of the aerospace company’s stock valued at $100,000 after buying an additional 552 shares in the last quarter. Finally, Group One Trading L.P. purchased a new position in CAE in the 1st quarter valued at about $180,000. 60.92% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Up 1.0 %

Shares of NYSE CAE opened at $21.49 on Wednesday. The company has a 50 day simple moving average of $17.95 and a 200-day simple moving average of $21.37. The company has a market capitalization of $6.83 billion, a P/E ratio of 69.32, a P/E/G ratio of 2.67 and a beta of 1.62. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.03 and a quick ratio of 0.76. CAE Inc. has a 1 year low of $15.23 and a 1 year high of $27.97.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CAE shares. Scotiabank raised their price target on shares of CAE from C$30.00 to C$35.00 in a research note on Friday, November 11th. National Bank Financial decreased their target price on shares of CAE from C$38.00 to C$33.00 in a research note on Wednesday, November 2nd. Canaccord Genuity Group decreased their target price on shares of CAE from C$36.00 to C$30.00 in a research note on Monday, August 15th. Royal Bank of Canada decreased their target price on shares of CAE from $40.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, August 11th. Finally, TD Securities raised their target price on shares of CAE from C$33.00 to C$34.00 in a research note on Friday, November 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.67.

About CAE

(Get Rating)

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions worldwide. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally enabled crew management, training operations solutions, and optimization software.

Recommended Stories

Want to see what other hedge funds are holding CAE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CAE Inc. (NYSE:CAEGet Rating) (TSE:CAE).

Institutional Ownership by Quarter for CAE (NYSE:CAE)

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.