Canada Pension Plan Investment Board Boosts Holdings in CAE Inc. (NYSE:CAE)

Canada Pension Plan Investment Board grew its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 683,880 shares of the aerospace company’s stock after buying an additional 42,000 shares during the quarter. Canada Pension Plan Investment Board owned 0.21% of CAE worth $15,324,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its position in CAE by 29.9% in the second quarter. Mackenzie Financial Corp now owns 31,960,441 shares of the aerospace company’s stock valued at $715,244,000 after purchasing an additional 7,363,625 shares during the period. Bank of Montreal Can purchased a new position in shares of CAE during the 2nd quarter worth approximately $128,206,000. Norges Bank acquired a new stake in shares of CAE in the 4th quarter valued at approximately $60,416,000. Wasatch Advisors Inc. purchased a new stake in shares of CAE in the first quarter valued at approximately $58,679,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in CAE during the first quarter worth $27,540,000. Institutional investors and hedge funds own 64.34% of the company’s stock.

CAE Trading Down 1.2 %

Shares of CAE opened at $20.82 on Thursday. CAE Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $25.04. The stock has a fifty day moving average of $22.52 and a two-hundred day moving average of $22.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.73 and a current ratio of 1.03. The company has a market capitalization of $6.63 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.68.

Analysts Set New Price Targets

A number of equities research analysts have commented on CAE shares. TD Securities raised their target price on CAE from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, August 10th. The Goldman Sachs Group lifted their price target on shares of CAE from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Royal Bank of Canada cut their price objective on CAE from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday. StockNews.com cut CAE from a “buy” rating to a “hold” rating in a report on Monday. Finally, Bank of America boosted their price target on CAE from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.43.

About CAE

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.