Cetera Investment Advisers Increases Stock Position in CAE Inc $CAE

Cetera Investment Advisers lifted its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 49.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,045 shares of the aerospace company’s stock after purchasing an additional 5,659 shares during the period. Cetera Investment Advisers’ holdings in CAE were worth $419,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Ossiam increased its stake in CAE by 1.0% during the 4th quarter. Ossiam now owns 46,220 shares of the aerospace company’s stock valued at $1,173,000 after purchasing an additional 447 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in CAE by 0.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company’s stock valued at $1,991,000 after purchasing an additional 646 shares in the last quarter. Dynasty Wealth Management LLC increased its stake in CAE by 6.5% during the 1st quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company’s stock valued at $443,000 after purchasing an additional 1,099 shares in the last quarter. Natixis acquired a new position in CAE during the 4th quarter valued at approximately $38,000. Finally, Versant Capital Management Inc acquired a new position in CAE during the 1st quarter valued at approximately $53,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Price Performance

Shares of CAE stock opened at $27.46 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.60. The firm’s 50-day moving average is $28.32 and its two-hundred day moving average is $25.86. CAE Inc has a 12 month low of $17.26 and a 12 month high of $30.13. The company has a market capitalization of $8.80 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The company had revenue of $806.92 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. Analysts predict that CAE Inc will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CAE. TD Securities upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. BMO Capital Markets reiterated an “outperform” rating on shares of CAE in a research note on Wednesday, May 14th. Cibc World Mkts upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Jefferies Financial Group restated a “hold” rating and set a $30.00 price target on shares of CAE in a research report on Monday, July 21st. Finally, National Bank Financial upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.67.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel 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 aircraft flight operations solutions.