Cetera Investment Advisers Raises Stock Position in CAE Inc $CAE

Cetera Investment Advisers boosted its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 49.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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.

A number of other institutional investors also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec raised its stake in CAE by 25.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock worth $784,651,000 after purchasing an additional 6,313,165 shares during the period. JARISLOWSKY FRASER Ltd increased its position in shares of CAE by 7.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company’s stock valued at $606,697,000 after acquiring an additional 1,702,904 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of CAE during the fourth quarter valued at about $201,771,000. Select Equity Group L.P. increased its position in shares of CAE by 427.1% during the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company’s stock valued at $171,093,000 after acquiring an additional 5,462,455 shares during the last quarter. Finally, Browning West LP acquired a new stake in shares of CAE during the fourth quarter valued at about $150,629,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Performance

Shares of CAE opened at $27.46 on Monday. The company has a 50-day simple moving average of $28.32 and a 200-day simple moving average of $25.86. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $8.80 billion, a PE ratio of 29.85, a P/E/G ratio of 2.29 and a beta of 1.34. CAE Inc has a 52-week low of $17.26 and a 52-week high of $30.13.

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

Wall Street Analyst Weigh In

CAE has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of CAE in a research report on Wednesday, May 14th. National Bank Financial upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group initiated coverage on shares of CAE in a research report on Monday, June 30th. They set a “buy” rating and a $33.00 price target for the company. Cibc World Mkts upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Scotiabank reiterated an “outperform” rating on shares of CAE in a research report on Thursday. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.