CAE Inc. (NYSE:CAE) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 76.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,349 shares of the aerospace company's stock after purchasing an additional 14,929 shares during the quarter. Jones Financial Companies Lllp's holdings in CAE were worth $872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI grew its position in CAE by 13.4% in the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock worth $117,023,000 after acquiring an additional 736,895 shares during the period. Bank of Montreal Can grew its holdings in shares of CAE by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock worth $93,446,000 after purchasing an additional 77,489 shares during the period. Toronto Dominion Bank raised its holdings in CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock valued at $26,820,000 after buying an additional 412,906 shares during the period. Geode Capital Management LLC lifted its position in CAE by 8.2% in the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company's stock valued at $25,218,000 after buying an additional 103,081 shares during the last quarter. Finally, Swiss National Bank boosted its stake in CAE by 0.8% during the third quarter. Swiss National Bank now owns 962,700 shares of the aerospace company's stock worth $18,102,000 after buying an additional 7,600 shares during the period. Institutional investors and hedge funds own 67.36% of the company's stock.

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Wall Street Analyst Weigh In

CAE has been the subject of a number of research analyst reports. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised their price target on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Cibc World Mkts downgraded CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. National Bank Financial lowered CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Finally, Desjardins raised CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $32.00.

CAE Stock Down 2.2 %

NYSE CAE traded down $0.52 during trading hours on Wednesday, hitting $23.77. 297,327 shares of the company were exchanged, compared to its average volume of 549,345. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of -45.70, a PEG ratio of 1.94 and a beta of 1.74. The company has a 50 day moving average of $24.34 and a two-hundred day moving average of $21.70. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Equities research analysts anticipate 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.