CAE Inc. (NYSE:CAE) Shares Bought by US Bancorp DE

US Bancorp DE boosted its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,887 shares of the aerospace company’s stock after buying an additional 835 shares during the period. US Bancorp DE’s holdings in CAE were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its stake in CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after buying an additional 802 shares during the last quarter. Allworth Financial LP boosted its stake in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares during the last quarter. Asset Planning Inc acquired a new position in CAE during the fourth quarter worth $30,000. Hantz Financial Services Inc. boosted its stake in CAE by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock worth $1,717,000 after buying an additional 1,223 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in shares of CAE by 2.5% in the 4th quarter. Truist Financial Corp now owns 63,059 shares of the aerospace company’s stock valued at $1,600,000 after purchasing an additional 1,519 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Price Performance

CAE opened at $24.33 on Friday. The stock’s 50-day moving average price is $24.30 and its 200 day moving average price is $21.73. CAE Inc. has a 12-month low of $15.95 and a 12-month 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 firm has a market cap of $7.78 billion, a price-to-earnings ratio of -46.78, a PEG ratio of 1.94 and a beta of 1.74.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. As a group, sell-side analysts expect that CAE Inc. will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CAE shares. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. The Goldman Sachs Group upped their price target on CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” 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.