Mackenzie Financial Corp Purchases 2,083,595 Shares of CAE Inc. (NYSE:CAE)

Mackenzie Financial Corp grew its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 6.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,315,745 shares of the aerospace company's stock after acquiring an additional 2,083,595 shares during the period. CAE comprises 1.1% of Mackenzie Financial Corp's holdings, making the stock its 18th largest holding. Mackenzie Financial Corp owned about 10.47% of CAE worth $719,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of CAE by 1.5% during the third quarter. Vanguard Group Inc. now owns 10,606,797 shares of the aerospace company's stock valued at $247,669,000 after acquiring an additional 152,778 shares in the last quarter. Royal Bank of Canada raised its position in shares of CAE by 1.3% in the second quarter. Royal Bank of Canada now owns 10,034,952 shares of the aerospace company's stock worth $224,583,000 after buying an additional 128,457 shares in the last quarter. FMR LLC raised its stake in CAE by 2.6% in the third quarter. FMR LLC now owns 9,004,271 shares of the aerospace company's stock valued at $210,216,000 after purchasing an additional 230,912 shares in the last quarter. Invesco Ltd. grew its position in CAE by 11.3% in the first quarter. Invesco Ltd. now owns 8,255,696 shares of the aerospace company's stock worth $215,308,000 after acquiring an additional 834,889 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of CAE by 12.9% during the 3rd quarter. Clearbridge Investments LLC now owns 4,717,835 shares of the aerospace company's stock valued at $110,161,000 after purchasing an additional 538,838 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

Analyst Ratings Changes

CAE has been the subject of several research analyst reports. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a report on Tuesday, February 20th. Scotiabank cut CAE from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, CAE currently has an average rating of "Moderate Buy" and an average price target of $35.00.

CAE Trading Down 1.5 %

CAE traded down $0.30 on Monday, hitting $19.13. The company had a trading volume of 576,602 shares, compared to its average volume of 541,436. The company has a market cap of $6.09 billion, a PE ratio of 29.89, a PEG ratio of 1.45 and a beta of 1.58. CAE Inc. has a 12-month low of $18.26 and a 12-month high of $25.04. The business's fifty day simple moving average is $19.76 and its 200 day simple moving average is $20.66. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. CAE had a return on equity of 7.52% and a net margin of 6.20%. The company had revenue of $804.01 million for the quarter, compared to the consensus estimate of $807.13 million. Equities research analysts expect that CAE Inc. will post 0.87 EPS for the current year.

CAE Company 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.