JARISLOWSKY FRASER Ltd Has $413.17 Million Stock Holdings in CAE Inc. (NYSE:CAE)

JARISLOWSKY FRASER Ltd increased its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,249,466 shares of the aerospace company's stock after purchasing an additional 284,768 shares during the period. CAE comprises about 2.5% of JARISLOWSKY FRASER Ltd's investment portfolio, making the stock its 15th largest position. JARISLOWSKY FRASER Ltd owned about 6.97% of CAE worth $413,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of CAE by 1.2% during the first quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company's stock valued at $223,593,000 after purchasing an additional 127,504 shares during the period. National Bank of Canada FI increased its position in shares of CAE by 36.4% during the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company's stock valued at $101,559,000 after purchasing an additional 1,466,880 shares during the period. Public Sector Pension Investment Board increased its position in shares of CAE by 14.5% during the fourth quarter. Public Sector Pension Investment Board now owns 3,932,914 shares of the aerospace company's stock valued at $85,304,000 after purchasing an additional 496,640 shares during the period. Clearbridge Investments LLC increased its position in shares of CAE by 17.1% during the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company's stock valued at $76,575,000 after purchasing an additional 541,066 shares during the period. Finally, Letko Brosseau & Associates Inc. increased its position in shares of CAE by 13.6% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 3,508,379 shares of the aerospace company's stock valued at $76,096,000 after purchasing an additional 418,775 shares during the period. 67.36% of the stock is currently owned by institutional investors.

CAE Price Performance

CAE stock traded up $0.31 on Thursday, reaching $18.01. The company's stock had a trading volume of 616,894 shares, compared to its average volume of 587,870. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89. The company has a market cap of $5.75 billion, a price-to-earnings ratio of -25.26, a PEG ratio of 1.31 and a beta of 1.67. The business's fifty day moving average price is $17.77 and its 200 day moving average price is $18.85. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $24.61.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. Equities analysts expect that CAE Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CAE. Canaccord Genuity Group reiterated a "hold" rating on shares of CAE in a research report on Wednesday, May 22nd. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Canaccord Genuity Group cut CAE from a "buy" rating to a "hold" rating in a research report on Wednesday, May 22nd. Morgan Stanley cut CAE from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 16th. Finally, Jefferies Financial Group began coverage on CAE in a research report on Thursday, June 6th. They issued a "hold" rating and a $21.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $28.00.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.