CAE Inc. (NYSE:CAE) Shares Bought by Capital International Investors

Capital International Investors boosted its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 80.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,657,584 shares of the aerospace company's stock after buying an additional 738,361 shares during the period. Capital International Investors owned 0.52% of CAE worth $42,090,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Rathbones Group PLC grew its holdings in shares of CAE by 0.9% during the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock valued at $1,386,000 after buying an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of CAE by 0.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after buying an additional 646 shares during the last quarter. Schechter Investment Advisors LLC increased its holdings in CAE by 1.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock worth $1,143,000 after buying an additional 666 shares in the last quarter. US Bancorp DE raised its position in CAE by 10.4% in the 4th quarter. US Bancorp DE now owns 8,887 shares of the aerospace company's stock worth $226,000 after buying an additional 835 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after purchasing an additional 913 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

CAE Stock Up 2.6 %

Shares of CAE stock traded up $0.60 on Wednesday, reaching $24.05. The stock had a trading volume of 360,512 shares, compared to its average volume of 569,128. The company has a 50 day moving average price of $24.09 and a 200 day moving average price of $22.91. The stock has a market capitalization of $7.70 billion, a P/E ratio of -46.25, a P/E/G ratio of 1.94 and a beta of 1.39. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS 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%. As a group, equities research analysts forecast that CAE Inc. will post 0.83 EPS 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.