American Century Companies Inc. Grows Position in CAE Inc $CAE

Key Points

• American Century Companies Inc. has increased its stake in CAE Inc by 12.8%, owning nearly 2.96 million shares worth approximately $72.88 million.
• Analysts have mixed ratings for CAE, with five analystsfour giving a buy rating, and three providing a strong-buy rating, leading to an average rating of "Moderate Buy."
• CAE reported a net revenue of $806.92 million for the latest quarter, falling short of the consensus estimate of $1.12 billion, with an EPS of $0.15.

American Century Companies Inc. boosted its position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 12.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,964,515 shares of the aerospace company's stock after buying an additional 337,118 shares during the period. American Century Companies Inc. owned 0.93% of CAE worth $72,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in CAE in the 4th quarter valued at $201,771,000. Caisse DE Depot ET Placement DU Quebec grew its stake 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 worth $784,651,000 after purchasing an additional 6,313,165 shares during the period. Browning West LP purchased a new position in shares of CAE in the 4th quarter valued at about $150,629,000. Select Equity Group L.P. increased its holdings in CAE by 427.1% in the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after buying an additional 5,462,455 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd raised its holdings in CAE by 7.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock worth $606,697,000 after purchasing an additional 1,702,904 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Trading Up 1.8%

CAE traded up $0.4950 during trading on Friday, hitting $27.3750. The company's stock had a trading volume of 669,723 shares, compared to its average volume of 575,144. CAE Inc has a twelve month low of $17.34 and a twelve month high of $30.13. The stock has a market cap of $8.78 billion, a PE ratio of 29.76, a PEG ratio of 2.26 and a beta of 1.34. The firm's 50 day moving average price is $28.32 and its 200-day moving average price is $25.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.60.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group began coverage on shares of CAE in a research report on Monday, June 30th. They issued a "buy" rating and a $33.00 price objective on the stock. Cibc World Mkts raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a research report on Monday, July 7th. Scotiabank restated an "outperform" rating on shares of CAE in a research report on Thursday, August 14th. Finally, Wall Street Zen lowered CAE from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.67.

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.