CAE Inc. (NYSE:CAE) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 31.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,779,962 shares of the aerospace company's stock after buying an additional 423,780 shares during the quarter. Geode Capital Management LLC owned approximately 0.56% of CAE worth $44,941,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in shares of CAE by 47.9% in the 3rd quarter. Stifel Financial Corp now owns 99,802 shares of the aerospace company's stock valued at $1,871,000 after purchasing an additional 32,344 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of CAE by 4.7% during the 3rd quarter. Wellington Management Group LLP now owns 114,025 shares of the aerospace company's stock worth $2,143,000 after buying an additional 5,101 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of CAE during the 3rd quarter valued at approximately $453,000. Addenda Capital Inc. grew its stake in CAE by 0.5% in the 4th quarter. Addenda Capital Inc. now owns 398,803 shares of the aerospace company's stock valued at $10,122,000 after acquiring an additional 2,110 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in 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 period. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analyst Weigh In

CAE has been the topic of several recent analyst reports. National Bank Financial downgraded shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $43.00 price target on shares of CAE in a research note on Wednesday, March 12th. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. The Goldman Sachs Group raised their target price on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $32.00.

CAE Trading Up 0.4 %

Shares of CAE traded up $0.08 during midday trading on Friday, reaching $23.43. The company had a trading volume of 254,387 shares, compared to its average volume of 571,795. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The firm has a 50 day simple moving average of $24.15 and a 200-day simple moving average of $22.83. The stock has a market cap of $7.50 billion, a PE ratio of -45.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Research analysts forecast that CAE Inc. will post 0.83 EPS for the current fiscal year.

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.