CAE Inc. (NYSE:CAE) is Caisse DE Depot ET Placement DU Quebec's 9th Largest Position

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 25.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,917,402 shares of the aerospace company's stock after purchasing an additional 6,313,165 shares during the quarter. CAE makes up approximately 1.6% of Caisse DE Depot ET Placement DU Quebec's holdings, making the stock its 9th largest position. Caisse DE Depot ET Placement DU Quebec owned approximately 9.67% of CAE worth $784,651,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new position in shares of CAE during the fourth quarter worth approximately $30,000. Natixis acquired a new position in CAE during the 4th quarter worth $38,000. UniSuper Management Pty Ltd bought a new position in shares of CAE in the fourth quarter worth $147,000. Allworth Financial LP increased its holdings in shares of CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after purchasing an additional 913 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of CAE during the fourth quarter valued at about $213,000. 67.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CAE has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. TD Securities cut CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. National Bank Financial lowered CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price objective on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $32.00.

CAE Trading Up 3.2 %

Shares of NYSE CAE traded up $0.81 during mid-day trading on Friday, hitting $25.91. 445,695 shares of the company traded hands, compared to its average volume of 562,040. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of -49.83, a PEG ratio of 1.94 and a beta of 1.39. The business has a 50 day moving average of $23.97 and a two-hundred day moving average of $23.25.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

About CAE

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.