Pictet Asset Management SA Has $3.31 Million Stock Position in CAE Inc. (NYSE:CAE)

Pictet Asset Management SA grew its position in CAE Inc. (NYSE:CAEGet Rating) (TSE:CAE) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 134,686 shares of the aerospace company’s stock after buying an additional 17,117 shares during the period. Pictet Asset Management SA’s holdings in CAE were worth $3,312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of CAE by 135.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,535 shares of the aerospace company’s stock valued at $38,000 after buying an additional 882 shares during the period. Quadrant Capital Group LLC lifted its position in CAE by 40.9% in the 1st quarter. Quadrant Capital Group LLC now owns 3,387 shares of the aerospace company’s stock valued at $89,000 after acquiring an additional 983 shares in the last quarter. Signaturefd LLC lifted its position in CAE by 16.7% in the 1st quarter. Signaturefd LLC now owns 3,848 shares of the aerospace company’s stock valued at $100,000 after acquiring an additional 552 shares in the last quarter. US Bancorp DE lifted its position in CAE by 24.2% in the 2nd quarter. US Bancorp DE now owns 3,937 shares of the aerospace company’s stock valued at $98,000 after acquiring an additional 767 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in CAE by 42.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,085 shares of the aerospace company’s stock valued at $107,000 after acquiring an additional 1,223 shares in the last quarter. Institutional investors and hedge funds own 60.92% of the company’s stock.

CAE Stock Down 0.5 %

Shares of CAE stock opened at $21.25 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.76 and a current ratio of 1.03. The firm’s 50-day moving average is $17.83 and its 200-day moving average is $21.40. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 68.55, a PEG ratio of 2.67 and a beta of 1.62. CAE Inc. has a 52-week low of $15.23 and a 52-week high of $28.22.

Analyst Ratings Changes

Several equities research analysts recently commented on CAE shares. Canaccord Genuity Group cut their price objective on shares of CAE from C$36.00 to C$30.00 in a research report on Monday, August 15th. The Goldman Sachs Group cut their price target on shares of CAE from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, November 14th. National Bank Financial cut their price target on shares of CAE from C$38.00 to C$33.00 in a research report on Wednesday, November 2nd. TD Securities boosted their price target on shares of CAE from C$33.00 to C$34.00 in a research report on Friday, November 11th. Finally, StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, CAE currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.67.

CAE Company Profile

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CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions worldwide. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally enabled crew management, training operations solutions, and optimization software.

See Also

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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