UniSuper Management Pty Ltd Takes $147,000 Position in CAE Inc. (NYSE:CAE)

UniSuper Management Pty Ltd purchased a new position in CAE Inc. (NYSE:CAE) (TSE:CAE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,800 shares of the aerospace company’s stock, valued at approximately $147,000.

Other institutional investors have also added to or reduced their stakes in the company. Asset Planning Inc bought a new stake in shares of CAE during the 4th quarter valued at $30,000. Allworth Financial LP boosted its stake in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after acquiring an additional 913 shares in the last quarter. US Bancorp DE grew its holdings in CAE by 10.4% in the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock worth $226,000 after purchasing an additional 835 shares during the period. United Services Automobile Association bought a new position in shares of CAE during the fourth quarter valued at approximately $263,000. Finally, Centiva Capital LP purchased a new position in shares of CAE during the third quarter valued at approximately $197,000. Institutional investors own 67.36% of the company’s stock.

CAE Trading Up 0.4 %

NYSE:CAE opened at $24.60 on Tuesday. The company has a market cap of $7.88 billion, a PE ratio of -47.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The company has a 50 day simple moving average of $24.51 and a two-hundred day simple moving average of $22.37. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last issued 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 positive return on equity of 6.11% and a negative net margin of 4.96%. Research analysts forecast that CAE Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CAE shares. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group raised their price target 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. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.00.

About CAE

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.