National Bank of Canada FI Has $109.75 Million Position in CAE Inc. (NYSE:CAE)

National Bank of Canada FI increased its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 8.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,168,647 shares of the aerospace company’s stock after buying an additional 413,389 shares during the period. National Bank of Canada FI owned 1.62% of CAE worth $109,747,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CAE. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of CAE in the third quarter valued at approximately $29,000. Allworth Financial LP lifted its position in CAE by 678.3% during the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,343 shares during the period. EverSource Wealth Advisors LLC increased its holdings in CAE by 85.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock valued at $47,000 after buying an additional 935 shares during the period. Pacifica Partners Inc. boosted its position in shares of CAE by 24.6% during the 4th quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 793 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in CAE by 24.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,063 shares of the aerospace company’s stock valued at $165,000 after acquiring an additional 1,409 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CAE has been the subject of a number of research analyst reports. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. The Goldman Sachs Group upped their price objective on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Scotiabank downgraded shares of CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, CAE presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

CAE Trading Up 1.4 %

CAE traded up $0.28 during midday trading on Friday, hitting $20.47. 315,743 shares of the company were exchanged, compared to its average volume of 612,369. The firm has a market capitalization of $6.52 billion, a P/E ratio of 31.98, a P/E/G ratio of 1.54 and a beta of 1.58. The firm’s 50 day moving average price is $19.57 and its 200-day moving average price is $20.31. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. CAE Inc. has a 1-year low of $18.26 and a 1-year high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $804.01 million for the quarter, compared to the consensus estimate of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. As a group, equities analysts forecast that CAE Inc. will post 0.85 EPS for the current fiscal year.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.