Snyder Capital Management L P Raises Position in CAE Inc. (NYSE:CAE)

Snyder Capital Management L P raised its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,474,708 shares of the aerospace company's stock after purchasing an additional 416,699 shares during the period. CAE accounts for about 2.9% of Snyder Capital Management L P's holdings, making the stock its 8th largest holding. Snyder Capital Management L P owned about 1.71% of CAE worth $138,948,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Asset Planning Inc bought a new stake in CAE during the 4th quarter valued at approximately $30,000. Natixis purchased a new position in shares of CAE in the 4th quarter valued at approximately $38,000. UniSuper Management Pty Ltd bought a new position in CAE in the fourth quarter worth $147,000. Allworth Financial LP lifted its position in CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after acquiring an additional 913 shares during the period. Finally, First Trust Advisors LP bought a new stake in CAE during the fourth quarter worth about $213,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

CAE stock traded up $0.14 during trading on Friday, reaching $24.43. The stock had a trading volume of 280,692 shares, compared to its average volume of 567,476. The stock's 50 day moving average is $23.99 and its two-hundred day moving average is $23.06. The firm has a market cap of $7.82 billion, a PE ratio of -46.98, a PEG ratio of 1.94 and a beta of 1.39. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS 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%. As a group, equities analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $43.00 target price on shares of CAE in a research note on Wednesday, March 12th. TD Securities cut CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Finally, Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $32.00.

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, 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.