US Bancorp DE Acquires 1,803 Shares of CAE Inc. (NYSE:CAE)

US Bancorp DE raised its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 28.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,052 shares of the aerospace company’s stock after buying an additional 1,803 shares during the period. US Bancorp DE’s holdings in CAE were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its holdings in shares of CAE by 9.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock valued at $19,188,000 after purchasing an additional 89,800 shares during the last quarter. Stanley Laman Group Ltd. lifted its position in shares of CAE by 20.1% during the 2nd quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock worth $3,906,000 after buying an additional 35,222 shares in the last quarter. Clearline Capital LP purchased a new position in shares of CAE in the 2nd quarter worth approximately $2,290,000. Jane Street Group LLC grew its holdings in shares of CAE by 97.2% in the first quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock valued at $6,299,000 after acquiring an additional 150,429 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of CAE by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after acquiring an additional 32,328 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CAE. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. One equities research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $25.00.

CAE Price Performance

Shares of NYSE:CAE opened at $21.77 on Friday. The company has a 50-day moving average price of $18.61 and a two-hundred day moving average price of $18.59. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $22.11. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $6.93 billion, a PE ratio of -28.27, a P/E/G ratio of 1.60 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results 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. CAE had a positive return on equity of 5.79% and a negative net margin of 7.49%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business posted $0.18 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts forecast that CAE Inc. will post 0.85 EPS for the current 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, 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.