CAE Inc. (NYSE:CAE) Stake Lifted by Brandes Investment Partners LP

Brandes Investment Partners LP boosted its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,911,697 shares of the aerospace company's stock after buying an additional 221,205 shares during the period. CAE makes up about 4.2% of Brandes Investment Partners LP's holdings, making the stock its largest holding. Brandes Investment Partners LP owned 4.66% of CAE worth $378,459,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock valued at $93,446,000 after buying an additional 77,489 shares during the period. Intech Investment Management LLC bought a new stake in CAE during the third quarter worth about $2,432,000. Geode Capital Management LLC lifted its stake in CAE by 8.2% during the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company's stock worth $25,218,000 after purchasing an additional 103,081 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in CAE during the third quarter worth about $453,000. Finally, Plato Investment Management Ltd bought a new stake in CAE during the fourth quarter worth about $846,000. Institutional investors own 67.36% of the company's stock.

Analyst Ratings Changes

CAE has been the subject of several research analyst reports. Desjardins raised CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. National Bank Financial lowered CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Finally, Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $32.00.

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CAE Trading Up 0.9 %

NYSE:CAE traded up $0.23 during mid-day trading on Wednesday, reaching $24.54. 340,923 shares of the company's stock traded hands, compared to its average volume of 555,359. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $27.62. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of -47.19, a PEG ratio of 1.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company has a 50 day moving average price of $24.32 and a 200-day moving average price of $21.92.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. On average, sell-side analysts predict that CAE Inc. will post 0.83 earnings per share for the current year.

CAE 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.