Stanley Laman Group Ltd. Buys Shares of 83,003 CAE Inc. (NYSE:CAE)

Stanley Laman Group Ltd. bought a new stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) during the 4th quarter, Holdings Channel.com reports. The fund bought 83,003 shares of the aerospace company’s stock, valued at approximately $1,792,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mackenzie Financial Corp boosted its position in shares of CAE by 6.7% in the 4th quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after purchasing an additional 2,083,595 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of CAE by 12.9% in the 3rd quarter. Clearbridge Investments LLC now owns 4,717,835 shares of the aerospace company’s stock worth $110,161,000 after purchasing an additional 538,838 shares in the last quarter. American Century Companies Inc. boosted its position in shares of CAE by 12.4% in the 3rd quarter. American Century Companies Inc. now owns 3,219,330 shares of the aerospace company’s stock worth $75,159,000 after purchasing an additional 354,938 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of CAE by 90.5% in the 3rd quarter. CIBC Asset Management Inc now owns 561,745 shares of the aerospace company’s stock worth $13,155,000 after purchasing an additional 266,927 shares in the last quarter. Finally, FMR LLC boosted its position in shares of CAE by 2.6% in the 3rd quarter. FMR LLC now owns 9,004,271 shares of the aerospace company’s stock worth $210,216,000 after purchasing an additional 230,912 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CAE shares. The Goldman Sachs Group raised their price objective on CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Scotiabank downgraded CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, January 22nd. Finally, StockNews.com upgraded 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 issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.75.

CAE Stock Performance

Shares of CAE stock traded up $0.29 on Friday, hitting $19.04. The company had a trading volume of 449,032 shares, compared to its average volume of 552,032. The firm has a market cap of $6.06 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 1.43 and a beta of 1.59. CAE Inc. has a twelve month low of $18.26 and a twelve month high of $25.04. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $19.51 and a 200-day moving average price of $20.46.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $804.01 million during the quarter, compared to analysts’ expectations of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. As a group, equities research analysts predict that CAE Inc. will post 0.87 earnings per share for the current fiscal year.

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.