Aigen Investment Management LP Makes New Investment in CAE Inc (NYSE:CAE)

Key Points

• Aigen Investment Management LP purchased a new stake in CAE Inc valued at approximately $452,000, acquiring 18,364 shares during the first quarter.
• Institutional investors own 67.36% of CAE's stock, with significant acquisitions by Nomura Holdings and Caisse DE Depot ET Placement DU Quebec in the fourth quarter.
• CAE's stock has seen notable activity, including a 3.0% increase, and analyst ratings range from "hold" to "buy," with a consensus target price of $33.67.

Aigen Investment Management LP purchased a new stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,364 shares of the aerospace company's stock, valued at approximately $452,000.

A number of other hedge funds also recently made changes to their positions in the stock. Nomura Holdings Inc. acquired a new position in shares of CAE during the 4th quarter valued at $201,771,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of CAE by 25.7% during 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 acquiring an additional 6,313,165 shares in the last quarter. Browning West LP acquired a new position in shares of CAE during the 4th quarter valued at $150,629,000. Select Equity Group L.P. lifted its holdings in shares of CAE by 427.1% during the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after acquiring an additional 5,462,455 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd lifted its holdings in shares of CAE by 7.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after acquiring an additional 1,702,904 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Down 2.0%

Shares of CAE traded down $0.55 during midday trading on Friday, hitting $27.46. The company had a trading volume of 1,122,368 shares, compared to its average volume of 710,660. The company's 50 day moving average price is $28.32 and its 200 day moving average price is $25.84. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.32 and a beta of 1.34. CAE Inc has a 52 week low of $17.26 and a 52 week high of $30.13. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, meeting analysts' consensus estimates of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The business had revenue of $806.92 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, equities research analysts predict that CAE Inc will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Jefferies Financial Group restated a "hold" rating and set a $30.00 target price on shares of CAE in a report on Monday, July 21st. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Scotiabank reiterated an "outperform" rating on shares of CAE in a report on Thursday. TD Securities upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $33.67.

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.