CAE Inc. (NYSE:CAE) is Brandes Investment Partners LP’s Largest Position

Brandes Investment Partners LP boosted its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,911,697 shares of the aerospace company’s stock after acquiring an additional 221,205 shares during the period. CAE accounts for approximately 4.2% of Brandes Investment Partners LP’s investment portfolio, making the stock its biggest position. Brandes Investment Partners LP owned about 4.66% of CAE worth $378,459,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CAE. First Eagle Investment Management LLC acquired a new position in CAE in the 4th quarter valued at about $24,207,000. National Bank of Canada FI boosted its holdings 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 purchasing an additional 736,895 shares during the last quarter. Intact Investment Management Inc. acquired a new position in CAE in the 4th quarter valued at about $13,763,000. Toronto Dominion Bank boosted its holdings in CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after purchasing an additional 412,906 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of CAE in the 3rd quarter worth approximately $4,857,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, CAE has a consensus rating of “Hold” and an average target price of $32.00.

CAE Trading Up 2.9 %

NYSE CAE opened at $24.33 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The firm has a market cap of $7.78 billion, a PE ratio of -46.78, a P/E/G ratio of 1.94 and a beta of 1.74. CAE Inc. has a one year low of $15.95 and a one year high of $27.62. The firm’s fifty day moving average is $24.30 and its two-hundred day moving average is $21.73.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Analysts expect that CAE Inc. will post 0.83 earnings per share for the current year.

CAE 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.