Asset Planning Inc Acquires Shares of 1,200 CAE Inc. (NYSE:CAE)

Asset Planning Inc acquired a new stake in CAE Inc. (NYSE:CAE) (TSE:CAE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,200 shares of the aerospace company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAE. National Bank of Canada FI increased its stake in CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock valued at $117,023,000 after buying an additional 736,895 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of CAE by 40.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after purchasing an additional 412,906 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of CAE during the 3rd quarter worth approximately $4,857,000. New York State Common Retirement Fund increased its stake in shares of CAE by 14.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,325,875 shares of the aerospace company’s stock worth $24,860,000 after purchasing an additional 165,022 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of CAE during the 3rd quarter worth approximately $2,432,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CAE. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. StockNews.com lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE Stock Up 13.8 %

CAE opened at $26.75 on Friday. The company has a 50 day moving average of $24.05 and a 200 day moving average of $20.73. The company has a market cap of $8.55 billion, a PE ratio of -34.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.72. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. On average, sell-side analysts expect that CAE Inc. will post 0.83 EPS for the current 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, 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.