Raymond James Financial Inc. Invests $4.75 Million in CAE Inc. (NYSE:CAE)

Raymond James Financial Inc. acquired a new stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 186,947 shares of the aerospace company's stock, valued at approximately $4,746,000. Raymond James Financial Inc. owned about 0.06% of CAE as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. National Bank of Canada FI increased its stake 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 valued at $117,023,000 after purchasing an additional 736,895 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of CAE by 40.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock worth $26,820,000 after acquiring an additional 412,906 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of CAE in the third quarter worth approximately $4,857,000. Geode Capital Management LLC grew its holdings 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 purchasing an additional 103,081 shares during the period. Finally, Bank of Montreal Can increased its position in CAE by 1.6% during the third 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 last quarter. Hedge funds and other institutional investors 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. TD Securities downgraded CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. National Bank Financial downgraded CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Cibc World Mkts lowered shares of CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 price objective on shares of CAE in a research note on Wednesday, March 12th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $32.00.

CAE Stock Down 2.7 %

CAE traded down $0.68 during trading hours on Friday, reaching $24.63. 129,027 shares of the stock traded hands, compared to its average volume of 570,524. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company has a market cap of $7.89 billion, a price-to-earnings ratio of -47.24, a PEG ratio of 1.94 and a beta of 1.74. The firm's fifty day simple moving average is $24.50 and its two-hundred day simple moving average is $22.22.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. As a group, analysts forecast that CAE Inc. will post 0.83 earnings per share for the current fiscal 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.