CAE Inc. (NYSE:CAE) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. lifted its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 279.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,422 shares of the aerospace company’s stock after acquiring an additional 33,443 shares during the period. APG Asset Management N.V.’s holdings in CAE were worth $787,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CAE. Massmutual Trust Co. FSB ADV raised its position in CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 707 shares during the period. Confluence Investment Management LLC lifted its position in CAE by 3.5% during the 2nd quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock worth $466,000 after acquiring an additional 857 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in CAE by 2.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock valued at $632,000 after acquiring an additional 871 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of CAE by 11.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 10,162 shares of the aerospace company’s stock valued at $210,000 after purchasing an additional 1,025 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of 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 purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Down 0.7 %

CAE stock opened at $18.62 on Wednesday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of -25.86, a PEG ratio of 1.31 and a beta of 1.67. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $23.62. The firm has a fifty day moving average price of $17.67 and a two-hundred day moving average price of $18.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.89 and a quick ratio of 0.61.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.07 billion for 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%. CAE’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. Research analysts predict that CAE Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

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