Invesco Ltd. Increases Stock Position in CAE Inc. (NYSE:CAE)

Invesco Ltd. increased its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,673,331 shares of the aerospace company's stock after acquiring an additional 150,484 shares during the quarter. Invesco Ltd. owned about 1.15% of CAE worth $93,229,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CAE. Norges Bank acquired a new position in shares of CAE in the 4th quarter worth approximately $98,436,000. First Eagle Investment Management LLC bought a new position in CAE during the fourth quarter worth $24,207,000. Intact Investment Management Inc. acquired a new position in CAE in the fourth quarter valued at $13,763,000. American Century Companies Inc. boosted its position in CAE by 23.5% during the fourth quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company's stock valued at $66,715,000 after acquiring an additional 500,702 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in CAE by 31.2% during the 4th quarter. Geode Capital Management LLC now owns 1,779,962 shares of the aerospace company's stock worth $44,941,000 after acquiring an additional 423,780 shares during the period. 67.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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 reaffirmed an "outperform" rating and set a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th. The Goldman Sachs Group lifted their price objective on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. TD Securities cut shares of CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.00.

CAE Stock Up 0.4 %

CAE stock traded up $0.08 during midday trading on Friday, reaching $23.43. 254,387 shares of the company's stock traded hands, compared to its average volume of 570,757. 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's fifty day moving average price is $24.16 and its 200-day moving average price is $22.77. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62. The company has a market cap of $7.50 billion, a price-to-earnings ratio of -45.06, a P/E/G 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 for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. As a group, sell-side analysts forecast that CAE Inc. will post 0.83 earnings per share 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.