Shell Asset Management Co. Acquires 4,900 Shares of CAE Inc. (NYSE:CAE)

Shell Asset Management Co. grew its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,220 shares of the aerospace company’s stock after acquiring an additional 4,900 shares during the period. Shell Asset Management Co.’s holdings in CAE were worth $1,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAE. Asset Planning Inc bought a new position in shares of CAE during the fourth quarter valued at about $30,000. Natixis bought a new position in shares of CAE during the fourth quarter valued at about $38,000. UniSuper Management Pty Ltd bought a new position in shares of CAE during the fourth quarter valued at about $147,000. Allworth Financial LP raised 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 last quarter. Finally, First Trust Advisors LP bought a new position in shares of CAE during the fourth quarter valued at about $213,000. 67.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAE has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price objective 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. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. National Bank Financial upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group reduced their price target on shares of CAE from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.00.

CAE Price Performance

Shares of CAE opened at $25.42 on Friday. The stock has a market cap of $8.14 billion, a PE ratio of -48.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The firm’s 50-day simple moving average is $24.23 and its two-hundred day simple moving average is $23.73.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $886.20 million for the quarter, compared to analysts’ expectations of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. 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.