JARISLOWSKY FRASER Ltd Has $413.17 Million Position in CAE Inc. (NYSE:CAE)

JARISLOWSKY FRASER Ltd lifted its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,249,466 shares of the aerospace company’s stock after purchasing an additional 284,768 shares during the period. CAE accounts for 2.5% of JARISLOWSKY FRASER Ltd’s portfolio, making the stock its 15th largest holding. JARISLOWSKY FRASER Ltd owned 6.97% of CAE worth $413,168,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in CAE by 1.2% during the first quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock worth $223,593,000 after purchasing an additional 127,504 shares during the period. National Bank of Canada FI boosted its stake in shares of CAE by 36.4% during the 2nd quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock worth $101,559,000 after acquiring an additional 1,466,880 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of CAE by 14.5% during the 4th quarter. Public Sector Pension Investment Board now owns 3,932,914 shares of the aerospace company’s stock worth $85,304,000 after acquiring an additional 496,640 shares during the last quarter. Clearbridge Investments LLC raised its stake in CAE by 17.1% in the 1st quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock valued at $76,575,000 after acquiring an additional 541,066 shares during the period. Finally, Letko Brosseau & Associates Inc. lifted its holdings in CAE by 13.6% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 3,508,379 shares of the aerospace company’s stock valued at $76,096,000 after purchasing an additional 418,775 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CAE shares. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Canaccord Genuity Group restated a “hold” rating on shares of CAE in a research report on Wednesday, May 22nd. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, Jefferies Financial Group began coverage on CAE in a research note on Thursday, June 6th. They issued a “hold” rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.00.

CAE Stock Up 0.5 %

Shares of CAE opened at $17.70 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $24.80. The firm’s 50 day moving average is $17.79 and its 200-day moving average is $18.86. The stock has a market capitalization of $5.65 billion, a PE ratio of -24.58, a P/E/G ratio of 1.31 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Equities research analysts forecast that CAE Inc. will post 0.86 EPS for the current 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.