Nomura Holdings Inc. Purchases Shares of 7,950,012 CAE Inc. (NYSE:CAE)

Nomura Holdings Inc. purchased a new stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,950,012 shares of the aerospace company's stock, valued at approximately $201,771,000. CAE makes up about 0.3% of Nomura Holdings Inc.'s portfolio, making the stock its 20th largest position. Nomura Holdings Inc. owned about 2.49% of CAE at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CAE. Caisse DE Depot ET Placement DU Quebec raised its position in shares of CAE by 25.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock valued at $784,651,000 after purchasing an additional 6,313,165 shares during the last quarter. Browning West LP acquired a new stake in CAE during the 4th quarter valued at approximately $150,629,000. Norges Bank acquired a new stake in shares of CAE in the fourth quarter worth $98,436,000. JARISLOWSKY FRASER Ltd lifted its position in CAE by 7.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after purchasing an additional 1,702,904 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of CAE by 195.3% during the 4th quarter. Bank of America Corp DE now owns 2,350,178 shares of the aerospace company's stock valued at $59,648,000 after buying an additional 1,554,266 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CAE. The Goldman Sachs Group lifted their target price on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Scotiabank upgraded CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday. Finally, Jefferies Financial Group lowered their price target on CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

CAE Trading Up 0.1%

Shares of CAE stock traded up $0.03 on Monday, hitting $25.41. 56,549 shares of the stock traded hands, compared to its average volume of 569,501. 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 twelve month low of $15.95 and a twelve month high of $27.62. The firm's 50-day moving average price is $24.23 and its two-hundred day moving average price is $23.77. The stock has a market capitalization of $8.14 billion, a PE ratio of -48.86, a PEG ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The business had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the prior year, the company posted $0.37 EPS. The business's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, analysts anticipate that CAE Inc. will post 0.83 EPS for the current year.

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.