Raymond James Financial Inc. Makes New $4.75 Million Investment in CAE Inc. (NYSE:CAE)

Raymond James Financial Inc. acquired a new stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 186,947 shares of the aerospace company’s stock, valued at approximately $4,746,000. Raymond James Financial Inc. owned about 0.06% of CAE as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CAE. National Bank of Canada FI boosted its position in CAE by 13.4% during the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock worth $117,023,000 after purchasing an additional 736,895 shares during the period. Bank of Montreal Can lifted its stake in shares of CAE by 1.6% in the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after buying an additional 77,489 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of CAE by 40.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after buying an additional 412,906 shares during the period. Geode Capital Management LLC grew its stake in CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after buying an additional 103,081 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in CAE by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 828,851 shares of the aerospace company’s stock worth $21,036,000 after acquiring an additional 7,215 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price target on shares of CAE in a report on Wednesday, March 12th. Finally, TD Securities cut CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $32.00.

CAE Price Performance

Shares of CAE stock opened at $25.54 on Wednesday. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62. The company has a market capitalization of $8.18 billion, a P/E ratio of -49.12, a P/E/G ratio of 1.94 and a beta of 1.74. The stock has a 50 day moving average of $24.45 and a two-hundred day moving average of $22.17. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

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

CAE Company 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.