DekaBank Deutsche Girozentrale Buys 790 Shares of CAE Inc. (NYSE:CAE)

DekaBank Deutsche Girozentrale lifted its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,621 shares of the aerospace company’s stock after purchasing an additional 790 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in CAE were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CAE. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of CAE in the third quarter valued at approximately $29,000. Allworth Financial LP boosted its stake in shares of CAE by 678.3% in the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,343 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of CAE by 85.5% in the third quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock valued at $47,000 after buying an additional 935 shares during the period. Lazard Asset Management LLC bought a new stake in CAE during the second quarter worth $55,000. Finally, Pacifica Partners Inc. boosted its holdings in shares of CAE by 24.6% in the 4th quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock valued at $81,000 after purchasing an additional 793 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors.

CAE Trading Down 1.5 %

NYSE CAE opened at $19.13 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. CAE Inc. has a twelve month low of $18.26 and a twelve month high of $25.04. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58. The business’s fifty day moving average is $19.76 and its 200 day moving average is $20.66.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $804.01 million during the quarter, compared to analyst estimates of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. As a group, sell-side analysts expect that CAE Inc. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank downgraded CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

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.