Principal Financial Group Inc. Grows Position in CAE Inc. (NYSE:CAE)

Principal Financial Group Inc. lifted its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,900 shares of the aerospace company’s stock after buying an additional 6,100 shares during the period. Principal Financial Group Inc.’s holdings in CAE were worth $759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CAE. Bank of Montreal Can grew its holdings in CAE by 1.6% in the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after purchasing an additional 77,489 shares during the last quarter. Intech Investment Management LLC acquired a new stake in CAE during the 3rd quarter valued at $2,432,000. Geode Capital Management LLC lifted its stake in shares of CAE by 8.2% during the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after buying an additional 103,081 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of CAE during the 3rd quarter valued at about $453,000. Finally, Toronto Dominion Bank boosted its holdings in shares of CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after purchasing an additional 412,906 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Down 1.0 %

NYSE:CAE opened at $24.44 on Friday. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of -46.99, a PEG ratio of 1.94 and a beta of 1.72. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62. 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 moving average price is $24.40 and its 200 day moving average price is $21.48.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) 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%. On average, sell-side analysts forecast that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CAE has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada increased their price objective on shares of CAE from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.00.

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, 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.