Northern Trust Corp Acquires 128,028 Shares of CAE Inc. (NYSE:CAE)

Northern Trust Corp lifted its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 69.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 311,733 shares of the aerospace company's stock after buying an additional 128,028 shares during the period. Northern Trust Corp owned about 0.10% of CAE worth $7,912,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CAE. Brandes Investment Partners LP raised its holdings in CAE by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company's stock valued at $378,459,000 after buying an additional 221,205 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CAE by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company's stock worth $310,134,000 after purchasing an additional 181,807 shares during the last quarter. Snyder Capital Management L P increased its holdings in CAE by 8.2% in the fourth quarter. Snyder Capital Management L P now owns 5,474,708 shares of the aerospace company's stock valued at $138,948,000 after purchasing an additional 416,699 shares during the period. Norges Bank bought a new position in CAE during the 4th quarter worth $98,436,000. Finally, Invesco Ltd. lifted its holdings in CAE by 4.3% during the 4th quarter. Invesco Ltd. now owns 3,673,331 shares of the aerospace company's stock worth $93,229,000 after buying an additional 150,484 shares during the period. Institutional investors and hedge funds own 67.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CAE shares. Jefferies Financial Group decreased their price target on CAE from $28.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, May 16th. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Scotiabank raised CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada lowered CAE from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $41.00 to $38.00 in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.33.

CAE Stock Up 0.8%

NYSE:CAE traded up $0.19 on Thursday, hitting $24.91. The stock had a trading volume of 630,563 shares, compared to its average volume of 573,373. 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 52 week low of $15.95 and a 52 week high of $27.62. The business's fifty day moving average is $24.31 and its 200 day moving average is $23.85. The company has a market cap of $7.98 billion, a PE ratio of -47.90, a P/E/G ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The company had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. CAE's revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities research analysts expect that CAE Inc. will post 0.83 EPS for the current fiscal 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.