Russell Investments Group Ltd. Has $3.17 Million Holdings in CAE Inc $CAE

Key Points

• Russell Investments Group Ltd. increased its holdings in CAE Inc by 25.8% during the first quarter, bringing its total to 128,923 shares valued at approximately $3.17 million.
• Institutional investors now hold 67.36% of CAE's stock, with several hedge funds acquiring new positions in the company recently.
• CAE's stock received a mix of ratings from analysts, with an average rating of "Moderate Buy" and a consensus price target of $33.67.

Russell Investments Group Ltd. grew its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 25.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,923 shares of the aerospace company's stock after buying an additional 26,413 shares during the period. Russell Investments Group Ltd.'s holdings in CAE were worth $3,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Natixis acquired a new position in shares of CAE during the 4th quarter worth approximately $38,000. Versant Capital Management Inc bought a new position in CAE during the first quarter worth $53,000. First Trust Advisors LP bought a new position in CAE during the fourth quarter worth $213,000. Clarius Group LLC acquired a new position in shares of CAE in the first quarter valued at $246,000. Finally, Cetera Investment Advisers raised its position in shares of CAE by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock valued at $289,000 after purchasing an additional 497 shares during the period. 67.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CAE. Jefferies Financial Group reaffirmed a "hold" rating and set a $30.00 target price on shares of CAE in a report on Monday, July 21st. The Goldman Sachs Group assumed coverage on CAE in a report on Monday, June 30th. They set a "buy" rating and a $33.00 price objective for the company. Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, CIBC reiterated a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, CAE has an average rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Stock Up 1.8%

Shares of NYSE CAE opened at $27.3750 on Friday. The stock has a market capitalization of $8.78 billion, a P/E ratio of 29.76, a PEG ratio of 2.32 and a beta of 1.34. The stock's fifty day moving average is $28.33 and its 200 day moving average is $25.98. CAE Inc has a 52 week low of $17.34 and a 52 week high of $30.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The firm had revenue of $806.92 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $0.21 earnings per share. Sell-side analysts forecast that CAE Inc will post 0.83 earnings per share for the current fiscal year.

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.

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