LPL Financial LLC Grows Stock Holdings in CAE Inc. (NYSE:CAE)

LPL Financial LLC raised its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 32.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,236 shares of the aerospace company's stock after buying an additional 11,061 shares during the quarter. LPL Financial LLC's holdings in CAE were worth $1,148,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CAE. Stifel Financial Corp increased its position in shares of CAE by 47.9% during the third quarter. Stifel Financial Corp now owns 99,802 shares of the aerospace company's stock valued at $1,871,000 after acquiring an additional 32,344 shares during the last quarter. 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of CAE in the third quarter valued at $453,000. Addenda Capital Inc. lifted its stake in CAE by 0.5% during the 4th quarter. Addenda Capital Inc. now owns 398,803 shares of the aerospace company's stock worth $10,122,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in CAE by 4.1% in the 4th quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company's stock valued at $2,419,000 after acquiring an additional 3,741 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CAE shares. National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Royal Bank of Canada restated an "outperform" rating and set a $43.00 price target on shares of CAE in a report on Wednesday, March 12th. The Goldman Sachs Group lifted their price objective on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Finally, TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, CAE presently has an average rating of "Hold" and an average price target of $32.00.

CAE Stock Up 2.6 %

Shares of NYSE CAE traded up $0.60 during mid-day trading on Wednesday, reaching $24.05. The company had a trading volume of 198,429 shares, compared to its average volume of 525,285. The firm has a 50 day simple moving average of $24.14 and a two-hundred day simple moving average of $22.90. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The stock has a market cap of $7.70 billion, a P/E ratio of -46.25, a PEG ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted 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%. Sell-side analysts predict that CAE Inc. will post 0.83 earnings per share 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.