CAE Inc. (NYSE:CAE) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lifted its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,352 shares of the aerospace company’s stock after acquiring an additional 646 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in CAE were worth $1,991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CAE. Asset Planning Inc acquired a new stake in CAE during the fourth quarter worth about $30,000. UniSuper Management Pty Ltd bought a new position in CAE in the 4th quarter valued at about $147,000. Allworth Financial LP increased its stake in shares of CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after acquiring an additional 913 shares during the period. Orion Portfolio Solutions LLC acquired a new position in shares of CAE during the 4th quarter valued at $225,000. Finally, US Bancorp DE raised its position in CAE by 10.4% in the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock worth $226,000 after acquiring an additional 835 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. Finally, National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.00.

CAE Stock Performance

Shares of NYSE CAE opened at $24.43 on Monday. CAE Inc. has a one year low of $15.95 and a one year high of $27.62. The business’s 50-day moving average price is $23.99 and its two-hundred day moving average price is $23.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company has a market capitalization of $7.82 billion, a P/E ratio of -46.98, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current fiscal 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.