Shell Asset Management Co. Purchases 4,900 Shares of CAE Inc. (NYSE:CAE)

Shell Asset Management Co. lifted its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 10.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 51,220 shares of the aerospace company’s stock after acquiring an additional 4,900 shares during the period. Shell Asset Management Co.’s holdings in CAE were worth $1,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of CAE by 25.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock worth $784,651,000 after buying an additional 6,313,165 shares in the last quarter. JARISLOWSKY FRASER Ltd lifted its position in CAE by 7.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company’s stock valued at $606,697,000 after purchasing an additional 1,702,904 shares during the period. Brandes Investment Partners LP lifted its position in CAE by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock valued at $378,459,000 after purchasing an additional 221,205 shares during the period. Vanguard Group Inc. lifted its position in CAE by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock valued at $310,134,000 after purchasing an additional 181,807 shares during the period. Finally, Nomura Holdings Inc. bought a new position in CAE during the fourth quarter valued at approximately $201,771,000. Institutional investors own 67.36% of the company’s stock.

CAE Stock Down 0.9%

CAE opened at $25.42 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62. The company has a market capitalization of $8.14 billion, a PE ratio of -48.88, a PEG ratio of 1.94 and a beta of 1.26. The firm’s 50 day simple moving average is $24.23 and its two-hundred day simple moving average is $23.73.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $886.20 million for the quarter, compared to the consensus estimate of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. As a group, equities analysts forecast that CAE Inc. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. National Bank Financial upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada restated an “outperform” rating and set a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. Finally, Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.00.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.