Wellington Management Group LLP Purchases 19,156 Shares of CAE Inc. (NYSE:CAE)

Wellington Management Group LLP raised its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 17.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 130,354 shares of the aerospace company’s stock after acquiring an additional 19,156 shares during the period. Wellington Management Group LLP’s holdings in CAE were worth $3,057,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Beutel Goodman & Co Ltd. grew its position in CAE by 0.7% in the 2nd quarter. Beutel Goodman & Co Ltd. now owns 12,081,091 shares of the aerospace company’s stock valued at $270,700,000 after purchasing an additional 80,220 shares during the period. Royal Bank of Canada increased its position in shares of CAE by 1.3% during the second quarter. Royal Bank of Canada now owns 10,034,952 shares of the aerospace company’s stock worth $224,583,000 after acquiring an additional 128,457 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CAE by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 10,006,409 shares of the aerospace company’s stock worth $153,398,000 after acquiring an additional 300,523 shares during the last quarter. FMR LLC lifted its position in CAE by 2.6% in the 3rd quarter. FMR LLC now owns 9,004,271 shares of the aerospace company’s stock valued at $210,216,000 after acquiring an additional 230,912 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in CAE by 11.3% during the 1st quarter. Invesco Ltd. now owns 8,255,696 shares of the aerospace company’s stock valued at $215,308,000 after purchasing an additional 834,889 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Stock Performance

Shares of CAE opened at $20.48 on Thursday. The stock has a 50 day moving average of $19.82 and a 200 day moving average of $21.06. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. CAE Inc. has a 12 month low of $18.26 and a 12 month high of $25.04. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.69 and a beta of 1.58.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $804.01 million during the quarter, compared to analyst estimates of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. As a group, sell-side analysts forecast that CAE Inc. will post 0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CAE shares. Bank of America downgraded CAE from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 29th. Scotiabank cut CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, January 22nd. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.00.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.