Pictet Asset Management Holding SA Buys 14,699 Shares of CAE Inc. (NYSE:CAE)

Pictet Asset Management Holding SA increased its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 9.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 165,251 shares of the aerospace company’s stock after purchasing an additional 14,699 shares during the quarter. Pictet Asset Management Holding SA’s holdings in CAE were worth $4,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new stake in shares of CAE during the 4th quarter worth approximately $30,000. UniSuper Management Pty Ltd acquired a new stake in CAE during the fourth quarter worth $147,000. Allworth Financial LP raised its stake in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after buying an additional 913 shares in the last quarter. US Bancorp DE lifted its holdings in shares of CAE by 10.4% during the 4th quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock worth $226,000 after acquiring an additional 835 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of CAE during the 4th quarter valued at about $263,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

Shares of NYSE:CAE opened at $21.51 on Friday. The business has a fifty day moving average of $24.45 and a 200-day moving average of $22.47. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The firm has a market cap of $6.89 billion, a PE ratio of -41.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, equities research analysts predict that CAE Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. TD Securities cut CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. StockNews.com cut CAE from a “buy” rating to a “hold” rating in a report on Friday. Finally, Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.00.

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.