JARISLOWSKY FRASER Ltd Buys 1,702,904 Shares of CAE Inc. (NYSE:CAE)

JARISLOWSKY FRASER Ltd lifted its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,994,091 shares of the aerospace company's stock after purchasing an additional 1,702,904 shares during the quarter. CAE comprises 3.5% of JARISLOWSKY FRASER Ltd's investment portfolio, making the stock its 5th biggest holding. JARISLOWSKY FRASER Ltd owned about 7.51% of CAE worth $606,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in CAE. Ossiam grew its stake in CAE by 1.0% in the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company's stock valued at $1,173,000 after acquiring an additional 447 shares during the period. Cetera Investment Advisers lifted its holdings in shares of CAE by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after purchasing an additional 497 shares in the last quarter. Rathbones Group PLC grew its position in CAE by 0.9% in the 4th quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock valued at $1,386,000 after purchasing an additional 500 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in CAE by 0.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after purchasing an additional 646 shares in the last quarter. Finally, Schechter Investment Advisors LLC raised its holdings in CAE by 1.5% during the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock worth $1,143,000 after buying an additional 666 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Performance

Shares of CAE stock opened at $25.91 on Friday. The firm has a market capitalization of $8.30 billion, a P/E ratio of -49.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The business's fifty day simple moving average is $24.13 and its 200 day simple moving average is $23.49. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly 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, analysts anticipate that CAE Inc. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CAE. Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 price objective on shares of CAE in a report on Wednesday, March 12th. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. 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 report on Tuesday, February 18th. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Finally, Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $32.00.

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.

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