Bank of New York Mellon Corp Raises Stock Position in CAE Inc. (NYSE:CAE)

Bank of New York Mellon Corp increased its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 9.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 295,414 shares of the aerospace company’s stock after acquiring an additional 26,561 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.09% of CAE worth $7,498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Planning Inc purchased a new stake in CAE in the 4th quarter worth $30,000. Allworth Financial LP increased its holdings in CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after acquiring an additional 913 shares in the last quarter. US Bancorp DE increased its holdings in CAE by 28.9% in the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after acquiring an additional 1,803 shares in the last quarter. Centiva Capital LP purchased a new stake in CAE in the 3rd quarter worth $197,000. Finally, Benjamin Edwards Inc. purchased a new stake in CAE in the 3rd quarter worth $249,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Trading Up 2.9 %

Shares of CAE stock opened at $24.33 on Friday. The company’s 50-day moving average price is $24.30 and its 200-day moving average price is $21.80. 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 stock 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 Inc. has a twelve month low of $15.95 and a twelve month high of $27.62.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CAE. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock 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.