CAE Inc. (NYSE:CAE) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,621 shares of the aerospace company’s stock after purchasing an additional 790 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CAE were worth $678,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CAE. Norges Bank purchased a new stake in shares of CAE during the fourth quarter valued at $60,416,000. Wasatch Advisors Inc. purchased a new stake in CAE in the 1st quarter worth about $58,679,000. Citigroup Inc. lifted its stake in CAE by 1,533.3% in the 3rd quarter. Citigroup Inc. now owns 915,129 shares of the aerospace company’s stock worth $21,464,000 after acquiring an additional 859,098 shares in the last quarter. Invesco Ltd. lifted its stake in CAE by 11.3% in the 1st quarter. Invesco Ltd. now owns 8,255,696 shares of the aerospace company’s stock worth $215,308,000 after acquiring an additional 834,889 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in CAE by 7.8% in the 1st quarter. Royal Bank of Canada now owns 9,737,158 shares of the aerospace company’s stock worth $253,946,000 after acquiring an additional 706,627 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Performance

Shares of CAE stock opened at $19.13 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68. CAE Inc. has a fifty-two week low of $18.26 and a fifty-two week high of $25.04. The stock’s 50-day moving average is $19.76 and its two-hundred day moving average is $20.66. The firm has a market cap of $6.09 billion, a P/E ratio of 29.89, a PEG ratio of 1.45 and a beta of 1.58.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $804.01 million for 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%. Analysts predict that CAE Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CAE has been the subject of several research analyst reports. Scotiabank downgraded CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, January 22nd. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.00.

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