Scotia Capital Inc. Purchases 45,196 Shares of CAE Inc (NYSE:CAE)

Key Points

• Scotia Capital Inc. increased its stake in CAE Inc. by 28.6%, acquiring an additional 45,196 shares, bringing its total holdings to 203,076 shares valued at approximately $4.98 million.
• Various institutional investors have also adjusted their positions in CAE, resulting in 67.36% of the stock currently owned by these entities.
• Wall Street analysts have raised their ratings on CAE, with a consensus rating of "Moderate Buy" and a price target of $33.67.

Scotia Capital Inc. raised its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 28.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,076 shares of the aerospace company's stock after acquiring an additional 45,196 shares during the quarter. Scotia Capital Inc. owned approximately 0.06% of CAE worth $4,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAE. Ossiam boosted its holdings in CAE by 1.0% during the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company's stock worth $1,173,000 after purchasing an additional 447 shares during the last quarter. Cetera Investment Advisers lifted its position in CAE by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after buying an additional 497 shares in the last quarter. Rathbones Group PLC boosted its stake in shares of CAE by 0.9% during the 4th quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock worth $1,386,000 after buying an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of CAE by 0.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after acquiring an additional 646 shares in the last quarter. Finally, Dynasty Wealth Management LLC increased its position in shares of CAE by 6.5% in the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company's stock valued at $443,000 after acquiring an additional 1,099 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CAE shares. Wall Street Zen raised CAE from a "hold" rating to a "buy" rating in a research report on Tuesday, May 27th. Scotiabank raised CAE from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, May 15th. Cibc World Mkts raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Trading Up 1.9%

CAE stock opened at $28.88 on Tuesday. CAE Inc has a one year low of $15.95 and a one year high of $30.13. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.32 and a beta of 1.34. The company has a fifty day moving average price of $27.86 and a two-hundred day moving average price of $25.60. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.58.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its 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 net margin of 8.55% and a return on equity of 8.17%. The company had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the company posted $0.37 EPS. CAE's quarterly revenue was up 13.2% compared to the same quarter last year. Equities analysts anticipate that CAE Inc will post 0.83 EPS for the current 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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