United Services Automobile Association Acquires New Holdings in CAE Inc. (NYSE:CAE)

United Services Automobile Association acquired a new stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,360 shares of the aerospace company's stock, valued at approximately $263,000.

Several other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC bought a new stake in CAE during the fourth quarter worth approximately $24,207,000. National Bank of Canada FI boosted its stake in shares of CAE by 13.4% during the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock worth $117,023,000 after acquiring an additional 736,895 shares in the last quarter. Intact Investment Management Inc. acquired a new position in shares of CAE in the 4th quarter worth $13,763,000. American Century Companies Inc. raised its position in shares of CAE by 23.5% during the fourth quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company's stock worth $66,715,000 after purchasing an additional 500,702 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of CAE by 40.6% during the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock valued at $26,820,000 after purchasing an additional 412,906 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Down 3.4 %

CAE stock traded down $0.86 during midday trading on Friday, reaching $24.46. The company had a trading volume of 752,291 shares, compared to its average volume of 573,322. CAE Inc. has a 1 year low of $15.95 and a 1 year 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. The company has a market capitalization of $7.83 billion, a P/E ratio of -47.03, a PEG ratio of 1.94 and a beta of 1.74. The company has a 50 day moving average of $24.50 and a two-hundred day moving average of $22.29.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. National Bank Financial downgraded shares of CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. Cibc World Mkts downgraded shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $32.00.

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.