National Bank of Canada FI Grows Stock Holdings in CAE Inc. (NYSE:CAE)

National Bank of Canada FI lifted its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,168,647 shares of the aerospace company's stock after buying an additional 413,389 shares during the quarter. National Bank of Canada FI owned about 1.62% of CAE worth $109,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. bought a new position in CAE in the 4th quarter worth $197,000. Natixis Advisors L.P. grew its position in shares of CAE by 12.2% during the fourth quarter. Natixis Advisors L.P. now owns 792,164 shares of the aerospace company's stock worth $17,102,000 after purchasing an additional 85,884 shares in the last quarter. Coombe Bender & Co LLC raised its stake in CAE by 15.6% during the 4th quarter. Coombe Bender & Co LLC now owns 184,362 shares of the aerospace company's stock valued at $3,980,000 after purchasing an additional 24,865 shares during the period. Stanley Laman Group Ltd. purchased a new position in CAE in the 4th quarter worth approximately $1,792,000. Finally, Mackenzie Financial Corp boosted its stake in CAE by 6.7% in the 4th quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company's stock worth $719,443,000 after purchasing an additional 2,083,595 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Price Performance

CAE stock traded up $0.28 during mid-day trading on Friday, reaching $20.47. 315,743 shares of the company's stock traded hands, compared to its average volume of 612,369. CAE Inc. has a 12-month low of $18.26 and a 12-month high of $25.04. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $19.57 and a two-hundred day moving average of $20.30. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 1.54 and a beta of 1.58.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. CAE had a net margin of 6.20% and a return on equity of 7.52%. The firm had revenue of $804.01 million for the quarter, compared to the consensus estimate of $807.13 million. Equities analysts forecast that CAE Inc. will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CAE. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Tuesday, February 20th. Scotiabank downgraded shares of CAE from a "sector outperform" rating to a "sector perform" rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group raised their price objective on CAE from $25.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, one has given 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 target price of $34.75.

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