Vanguard Group Inc. Grows Holdings in CAE Inc. (NYSE:CAE)

Vanguard Group Inc. grew its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,213,866 shares of the aerospace company's stock after acquiring an additional 181,807 shares during the quarter. Vanguard Group Inc. owned about 3.82% of CAE worth $310,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CAE. LPL Financial LLC raised its stake in CAE by 32.4% during the 4th quarter. LPL Financial LLC now owns 45,236 shares of the aerospace company's stock worth $1,148,000 after acquiring an additional 11,061 shares in the last quarter. American Century Companies Inc. grew its stake in CAE by 23.5% during the 4th quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company's stock worth $66,715,000 after buying an additional 500,702 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in CAE by 8.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 186,562 shares of the aerospace company's stock worth $4,729,000 after buying an additional 14,717 shares during the period. Natixis Advisors LLC lifted its stake in CAE by 14.9% in the fourth quarter. Natixis Advisors LLC now owns 288,949 shares of the aerospace company's stock valued at $7,334,000 after buying an additional 37,422 shares during the last quarter. Finally, Brandes Investment Partners LP grew its position in shares of CAE by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company's stock worth $378,459,000 after acquiring an additional 221,205 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

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CAE Trading Down 2.5 %

CAE stock traded down $0.54 during midday trading on Monday, reaching $20.93. The stock had a trading volume of 281,787 shares, compared to its average volume of 574,087. The stock's 50-day simple moving average is $24.45 and its 200 day simple moving average is $22.53. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The stock has a market capitalization of $6.70 billion, a PE ratio of -40.29, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating 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%. Analysts expect that CAE Inc. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

CAE has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price objective 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. StockNews.com cut shares of CAE from a "buy" rating to a "hold" rating in a research note on Friday. Desjardins upgraded shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. National Bank Financial cut shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Finally, Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, CAE presently has a consensus rating of "Hold" and an average target price 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.