Russell Investments Group Ltd. Raises 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. lifted its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 25.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 128,923 shares of the aerospace company's stock after acquiring 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.

A number of other large investors have also modified their holdings of CAE. Natixis purchased a new stake in shares of CAE during the fourth quarter worth about $38,000. Versant Capital Management Inc purchased a new stake in shares of CAE during the first quarter worth about $53,000. First Trust Advisors LP purchased a new stake in shares of CAE during the fourth quarter worth about $213,000. Clarius Group LLC purchased a new stake in shares of CAE during the first quarter worth about $246,000. Finally, Cetera Investment Advisers grew its stake in shares of CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after acquiring an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Price Performance

Shares of CAE stock traded down $0.05 during trading hours on Friday, hitting $26.97. 380,558 shares of the company's stock were exchanged, compared to its average volume of 722,418. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The firm has a market cap of $8.65 billion, a P/E ratio of 29.31, a P/E/G ratio of 2.39 and a beta of 1.34. The firm has a 50 day moving average of $28.37 and a two-hundred day moving average of $26.07. CAE Inc has a fifty-two week low of $17.34 and a fifty-two week high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $806.92 million during the quarter, compared to the consensus estimate of $1.12 billion. CAE had a return on equity of 7.92% and a net margin of 8.70%.During the same period in the prior year, the company posted $0.21 EPS. Sell-side analysts forecast that CAE Inc will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CAE shares. The Goldman Sachs Group assumed coverage on CAE in a research note on Monday, June 30th. They set a "buy" rating and a $33.00 price target on the stock. Wall Street Zen downgraded CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Cibc World Mkts raised CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of CAE in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.67.

About CAE

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.