Quantinno Capital Management LP Boosts Stock Position in CAE Inc. (NYSE:CAE)

Quantinno Capital Management LP grew its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 175.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,653 shares of the aerospace company's stock after acquiring an additional 32,913 shares during the quarter. Quantinno Capital Management LP's holdings in CAE were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CAE. Hantz Financial Services Inc. increased its holdings in shares of CAE by 4.1% in the 4th quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company's stock valued at $2,419,000 after acquiring an additional 3,741 shares during the last quarter. Stanley Laman Group Ltd. increased its holdings in shares of CAE by 3.2% in the 4th quarter. Stanley Laman Group Ltd. now owns 231,652 shares of the aerospace company's stock valued at $5,879,000 after acquiring an additional 7,260 shares during the last quarter. Asset Planning Inc bought a new stake in shares of CAE in the 4th quarter valued at approximately $30,000. Allworth Financial LP increased its holdings in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after acquiring an additional 913 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of CAE by 25.6% in the 4th quarter. Principal Financial Group Inc. now owns 29,900 shares of the aerospace company's stock valued at $759,000 after acquiring an additional 6,100 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

CAE Trading Up 0.8%

Shares of CAE stock opened at $24.91 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. The stock has a fifty day moving average of $24.32 and a two-hundred day moving average of $23.89. The firm has a market capitalization of $7.98 billion, a PE ratio of -47.90, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. As a group, research analysts expect that CAE Inc. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

CAE has been the subject of a number of research analyst reports. CIBC reiterated a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Jefferies Financial Group reduced their price objective on CAE from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, May 16th. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Royal Bank of Canada lowered CAE from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $41.00 to $38.00 in a research report on Wednesday. Finally, BMO Capital Markets restated an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.