CAE Inc. (NYSE:CAE) Stock Position Lifted by American Century Companies Inc.

American Century Companies Inc. boosted its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,627,397 shares of the aerospace company’s stock after buying an additional 500,702 shares during the quarter. American Century Companies Inc.’s holdings in CAE were worth $66,715,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Asset Planning Inc acquired a new position in shares of CAE in the fourth quarter worth $30,000. Allworth Financial LP increased its position in CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after purchasing an additional 913 shares during the last quarter. US Bancorp DE raised its stake in shares of CAE by 10.4% during the 4th quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock worth $226,000 after purchasing an additional 835 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of CAE during the 3rd quarter valued at about $197,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of CAE in the 3rd quarter valued at approximately $249,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

CAE has been the topic of several recent research reports. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.00.

CAE Stock Up 0.9 %

CAE stock opened at $25.54 on Wednesday. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of -49.12, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The company has a 50-day moving average of $24.45 and a two-hundred day moving average of $22.17. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. As a group, equities research analysts anticipate that CAE Inc. will post 0.83 EPS for the current year.

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.