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

Raymond James Financial Inc. acquired a new stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in CAE by 3.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company's stock valued at $29,759,000 after acquiring an additional 42,325 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 in the last quarter. Norges Bank acquired a new stake in shares of CAE in the fourth quarter valued at approximately $98,436,000. Sanctuary Advisors LLC purchased a new position in CAE during the third quarter worth approximately $453,000. Finally, Plato Investment Management Ltd acquired a new position in CAE during the fourth quarter worth $846,000. Hedge funds and other institutional investors own 67.36% of the company's stock.

Analyst Upgrades and Downgrades

CAE has been the topic of several analyst reports. National Bank Financial lowered CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $43.00 target price on shares of CAE in a research note on Wednesday, March 12th. TD Securities cut shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. The Goldman Sachs Group raised their price target on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, CAE has an average rating of "Hold" and an average target price of $32.00.

CAE Stock Performance

NYSE:CAE opened at $24.43 on Friday. The stock has a market capitalization of $7.82 billion, a P/E ratio of -46.98, 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 Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The company has a 50 day moving average price of $23.99 and a 200 day moving average price of $22.99.

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

About CAE

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.

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