DekaBank Deutsche Girozentrale Boosts Stake in CAE Inc. (NYSE:CAE)

DekaBank Deutsche Girozentrale boosted its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,517 shares of the aerospace company’s stock after acquiring an additional 871 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in CAE were worth $632,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 707 shares in the last quarter. Confluence Investment Management LLC raised its holdings in CAE by 3.5% during the second quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock worth $466,000 after purchasing an additional 857 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in CAE by 11.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 10,162 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 1,025 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in CAE by 86.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of CAE by 5.4% in the first quarter. Sequoia Financial Advisors LLC now owns 24,109 shares of the aerospace company’s stock valued at $498,000 after buying an additional 1,239 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

Shares of CAE opened at $17.84 on Friday. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $24.22. The company’s 50 day simple moving average is $17.75 and its 200 day simple moving average is $18.84. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of -24.78, a PEG ratio of 1.31 and a beta of 1.67. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. On average, sell-side analysts predict that CAE Inc. will post 0.86 EPS for the current year.

Analyst Ratings Changes

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

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