US Bancorp DE Raises Position in CAE Inc. (NYSE:CAE)

US Bancorp DE boosted its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 28.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,052 shares of the aerospace company’s stock after acquiring an additional 1,803 shares during the quarter. US Bancorp DE’s holdings in CAE were worth $151,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Ridgewood Investments LLC bought a new position in CAE in the second quarter valued at $33,000. Cromwell Holdings LLC raised its holdings in shares of CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after buying an additional 915 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after buying an additional 1,100 shares in the last quarter. Lazard Asset Management LLC bought a new stake in CAE in the 1st quarter worth approximately $77,000. Finally, UniSuper Management Pty Ltd boosted its stake in CAE by 104.5% in the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock worth $93,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

CAE has been the subject of a number of recent research reports. Morgan Stanley lowered shares of CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.00.

CAE Trading Down 1.0 %

NYSE:CAE opened at $21.77 on Friday. The firm has a market capitalization of $6.93 billion, a P/E ratio of -28.27, a P/E/G ratio of 1.60 and a beta of 1.67. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $18.61 and a 200 day moving average of $18.59. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $22.11.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, research analysts predict that CAE Inc. will post 0.85 earnings per share for the current year.

CAE 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.