Raymond James Financial Inc. Purchases Shares of 186,947 CAE Inc. (NYSE:CAE)

Raymond James Financial Inc. acquired a new position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 186,947 shares of the aerospace company’s stock, valued at approximately $4,746,000.

Several other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC increased its holdings in CAE by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after purchasing an additional 103,081 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of CAE during the third quarter worth approximately $453,000. Addenda Capital Inc. raised its holdings in CAE by 0.5% in the fourth quarter. Addenda Capital Inc. now owns 398,803 shares of the aerospace company’s stock valued at $10,122,000 after acquiring an additional 2,110 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in CAE by 4.1% in the fourth quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company’s stock worth $2,419,000 after acquiring an additional 3,741 shares during the last quarter. Finally, Stanley Laman Group Ltd. grew its holdings in CAE by 3.2% during the 4th quarter. Stanley Laman Group Ltd. now owns 231,652 shares of the aerospace company’s stock worth $5,879,000 after acquiring an additional 7,260 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Price Performance

Shares of NYSE CAE opened at $24.43 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The stock has a market cap of $7.82 billion, a P/E ratio of -46.98, a P/E/G ratio of 1.94 and a beta of 1.39. The stock has a 50 day moving average of $23.99 and a two-hundred day moving average of $22.99. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $43.00 price target on shares of CAE in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group raised their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, CAE has a consensus rating of “Hold” and a consensus price target 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.