LPL Financial LLC Buys 11,061 Shares of CAE Inc. (NYSE:CAE)

LPL Financial LLC boosted its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,236 shares of the aerospace company's stock after buying an additional 11,061 shares during the period. LPL Financial LLC's holdings in CAE were worth $1,148,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Schechter Investment Advisors LLC increased its position in CAE by 1.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock worth $1,143,000 after buying an additional 666 shares during the period. US Bancorp DE grew its holdings in shares of CAE by 10.4% during the 4th quarter. US Bancorp DE now owns 8,887 shares of the aerospace company's stock worth $226,000 after purchasing an additional 835 shares in the last quarter. Allworth Financial LP grew its holdings in shares of CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after purchasing an additional 913 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of CAE during the 4th quarter worth approximately $30,000. Finally, Truist Financial Corp grew its holdings in shares of CAE by 2.5% during the 4th quarter. Truist Financial Corp now owns 63,059 shares of the aerospace company's stock worth $1,600,000 after purchasing an additional 1,519 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on CAE shares. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. TD Securities lowered CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $43.00 price target on shares of CAE in a research note on Wednesday, March 12th. The Goldman Sachs Group boosted their price target on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Bank of America raised 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 stock. Based on data from MarketBeat, CAE has an average rating of "Hold" and an average target price of $32.00.

CAE Trading Up 0.5 %

Shares of CAE stock traded up $0.11 on Thursday, reaching $24.15. 56,879 shares of the stock were exchanged, compared to its average volume of 567,140. The stock has a market cap of $7.73 billion, a PE ratio of -46.48, a P/E/G ratio of 1.94 and a beta of 1.39. CAE Inc. has a one year low of $15.95 and a one year high of $27.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The stock has a 50 day moving average price of $24.09 and a 200 day moving average price of $22.91.

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

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.