Stifel Financial Corp Grows Stock Position in CAE Inc. (NYSE:CAE)

Stifel Financial Corp raised its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 47.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,802 shares of the aerospace company's stock after acquiring an additional 32,344 shares during the period. Stifel Financial Corp's holdings in CAE were worth $1,871,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in shares of CAE in the 2nd quarter valued at approximately $33,000. Cromwell Holdings LLC increased its holdings in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after buying an additional 915 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in CAE in the third quarter valued at $74,000. Allworth Financial LP raised its stake in CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company's stock valued at $120,000 after buying an additional 1,327 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in CAE by 28.9% during the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company's stock worth $151,000 after buying an additional 1,803 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on CAE. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $25.00.

CAE Price Performance

Shares of NYSE CAE traded up $0.95 during trading on Friday, hitting $23.77. 647,602 shares of the company were exchanged, compared to its average volume of 583,353. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $24.02. The company has a market cap of $7.57 billion, a price-to-earnings ratio of -30.87, a PEG ratio of 1.73 and a beta of 1.74. The firm's fifty day moving average price is $21.14 and its 200 day moving average price is $19.18.

CAE 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.