Sequoia Financial Advisors LLC Has $494,000 Stock Holdings in CAE Inc. (NYSE:CAE)

Sequoia Financial Advisors LLC increased its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,870 shares of the aerospace company’s stock after buying an additional 1,361 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in CAE were worth $494,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its holdings in shares of CAE by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 30,831 shares of the aerospace company’s stock worth $718,000 after buying an additional 560 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of CAE by 11.8% during the second quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the aerospace company’s stock worth $127,000 after buying an additional 598 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of CAE by 3.0% during the fourth quarter. Alliancebernstein L.P. now owns 24,532 shares of the aerospace company’s stock worth $474,000 after buying an additional 721 shares in the last quarter. Pacifica Partners Inc. increased its holdings in shares of CAE by 24.6% during the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after buying an additional 793 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of CAE by 85.5% during the third quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after buying an additional 935 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

Analyst Ratings Changes

CAE has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday. Scotiabank lowered shares of CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. Finally, StockNews.com raised shares of 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 issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.75.

CAE Price Performance

CAE opened at $18.92 on Wednesday. CAE Inc. has a one year low of $18.26 and a one year high of $25.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68. The company’s 50 day simple moving average is $19.73 and its 200-day simple moving average is $20.63. The stock has a market capitalization of $6.02 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. CAE had a net margin of 6.20% and a return on equity of 7.52%. The business had revenue of $804.01 million for the quarter, compared to analysts’ expectations of $807.13 million. Sell-side analysts anticipate that CAE Inc. will post 0.87 earnings per share for the current fiscal year.

About CAE

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.