CAE Inc. (NYSE:CAE) Position Boosted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 9.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,251 shares of the aerospace company’s stock after purchasing an additional 14,699 shares during the quarter. Pictet Asset Management Holding SA owned 0.05% of CAE worth $4,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Schechter Investment Advisors LLC lifted its position in CAE by 1.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock worth $1,143,000 after buying an additional 666 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after acquiring an additional 802 shares in the last quarter. US Bancorp DE raised its holdings in shares of CAE by 10.4% during 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. Allworth Financial LP boosted its position in 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 purchasing an additional 913 shares during the last quarter. Finally, Asset Planning Inc acquired a new position in CAE in the 4th quarter worth about $30,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Performance

Shares of CAE opened at $21.51 on Friday. The company has a market capitalization of $6.89 billion, a PE ratio of -41.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE Inc. has a one year low of $15.95 and a one year high of $27.62. The company’s fifty day moving average price is $24.45 and its 200 day moving average price is $22.47.

CAE (NYSE:CAE) (TSE:CAE) last posted 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%. As a group, analysts expect that CAE Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their target price on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada restated an “outperform” rating and set a $43.00 price target on shares of CAE in a research note on Wednesday, March 12th. StockNews.com lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.00.

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.