CAE Inc. (NYSE:CAE) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,172,533 shares of the aerospace company's stock after purchasing an additional 42,325 shares during the quarter. JPMorgan Chase & Co. owned about 0.37% of CAE worth $29,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAE. Schechter Investment Advisors LLC boosted its holdings in CAE by 1.5% in the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock valued at $1,143,000 after purchasing an additional 666 shares during the last quarter. US Bancorp DE lifted its holdings in shares of CAE by 10.4% in the 4th quarter. US Bancorp DE now owns 8,887 shares of the aerospace company's stock valued at $226,000 after buying an additional 835 shares during the period. Allworth Financial LP boosted its stake in shares of CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after buying an additional 913 shares during the last quarter. Asset Planning Inc acquired a new stake in CAE during the fourth quarter worth about $30,000. Finally, Truist Financial Corp raised its position in CAE by 2.5% during the fourth quarter. Truist Financial Corp now owns 63,059 shares of the aerospace company's stock valued at $1,600,000 after acquiring an additional 1,519 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

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CAE Price Performance

Shares of CAE traded up $0.45 during trading hours on Friday, hitting $22.71. 438,263 shares of the stock were exchanged, compared to its average volume of 578,764. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The stock's 50-day moving average price is $24.20 and its two-hundred day moving average price is $22.70. The company has a market cap of $7.27 billion, a price-to-earnings ratio of -43.67, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $27.62.

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 for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Research analysts expect that CAE Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Saturday. TD Securities cut CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $43.00 price target on shares of CAE in a report on Wednesday, March 12th. National Bank Financial lowered CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Finally, Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $32.00.

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.