CAE Inc. (NYSE:CAE) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,627,397 shares of the aerospace company’s stock after purchasing an additional 500,702 shares during the period. American Century Companies Inc. owned approximately 0.82% of CAE worth $66,715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CAE. Northwest & Ethical Investments L.P. increased its stake in CAE by 8.6% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 186,562 shares of the aerospace company’s stock valued at $4,729,000 after buying an additional 14,717 shares during the period. Natixis Advisors LLC boosted its holdings in shares of CAE by 14.9% in the fourth quarter. Natixis Advisors LLC now owns 288,949 shares of the aerospace company’s stock valued at $7,334,000 after acquiring an additional 37,422 shares in the last quarter. Brandes Investment Partners LP raised its holdings in CAE by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock worth $378,459,000 after purchasing an additional 221,205 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in CAE in the fourth quarter worth approximately $24,207,000. Finally, Intact Investment Management Inc. bought a new position in CAE during the 4th quarter valued at $13,763,000. 67.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CAE shares. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. The Goldman Sachs Group increased their target price on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.00.

CAE Stock Up 0.9 %

CAE stock opened at $25.54 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The firm has a market capitalization of $8.18 billion, a P/E ratio of -49.12, a P/E/G ratio of 1.94 and a beta of 1.74. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The company’s 50 day simple moving average is $24.45 and its 200-day simple moving average is $22.17.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that CAE Inc. will post 0.83 EPS for the current 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, 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.