Canada Pension Plan Investment Board Has $19.19 Million Stock Position in CAE Inc. (NYSE:CAE)

Canada Pension Plan Investment Board lifted its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,033,296 shares of the aerospace company’s stock after acquiring an additional 89,800 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.32% of CAE worth $19,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV increased its position in CAE by 142.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after buying an additional 707 shares during the last quarter. Confluence Investment Management LLC increased its position 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 buying an additional 857 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in CAE by 2.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after buying an additional 871 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased 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 buying an additional 1,025 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CAE. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Jefferies Financial Group assumed coverage on CAE in a research note on Thursday, June 6th. They set a “hold” rating and a $21.00 target price for the company. Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.00.

CAE Price Performance

Shares of NYSE CAE opened at $17.84 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of -24.78, a PEG ratio of 1.31 and a beta of 1.67. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $24.22. The firm’s 50-day simple moving average is $17.73 and its 200 day simple moving average is $18.83.

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, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. As a group, research analysts anticipate that CAE Inc. will post 0.86 earnings per share for the current fiscal 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.