Massachusetts Financial Services Co. MA decreased its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,223,076 shares of the aerospace company's stock after selling 59,518 shares during the period. Massachusetts Financial Services Co. MA owned about 0.38% of CAE worth $31,042,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Schechter Investment Advisors LLC increased its stake 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 acquiring an additional 666 shares during the period. IHT Wealth Management LLC boosted its holdings in CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company's stock valued at $425,000 after purchasing an additional 802 shares in the last quarter. US Bancorp DE grew its stake 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 purchasing an additional 835 shares during the period. Allworth Financial LP raised its holdings in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after buying an additional 913 shares in the last quarter. Finally, Asset Planning Inc bought a new position in shares of CAE during the 4th quarter worth approximately $30,000. Institutional investors own 67.36% of the company's stock.
CAE Price Performance
Shares of NYSE CAE traded up $0.45 during trading on Friday, reaching $22.71. The company had a trading volume of 438,263 shares, compared to its average volume of 579,112. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62. The business's 50 day moving average price is $24.20 and its 200-day moving average price is $22.67. The stock has a market cap of $7.27 billion, a PE ratio of -43.67, a PEG ratio of 1.94 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86.
CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating 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%. Analysts expect that CAE Inc. will post 0.83 earnings per share for the current year.
Analysts Set New Price Targets
CAE has been the subject of several recent analyst reports. National Bank Financial lowered CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group increased their target price on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. TD Securities lowered shares of CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. Finally, Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, CAE currently has an average rating of "Hold" and a consensus target price of $32.00.
Check Out Our Latest Stock Report on CAE
CAE Profile
(
Free Report)
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.
Recommended Stories
Before you consider CAE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CAE wasn't on the list.
While CAE currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
