Mufg Securities Canada LTD. Has $12.35 Million Stock Position in CAE Inc. (NYSE:CAE)

Mufg Securities Canada LTD. raised its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 72.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,839 shares of the aerospace company’s stock after purchasing an additional 203,924 shares during the period. Mufg Securities Canada LTD.’s holdings in CAE were worth $12,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CAE. United Services Automobile Association acquired a new stake in shares of CAE during the 4th quarter valued at $263,000. Vanguard Group Inc. boosted its position in CAE by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock valued at $310,134,000 after acquiring an additional 181,807 shares during the last quarter. LPL Financial LLC boosted its position in shares of CAE by 32.4% during the 4th quarter. LPL Financial LLC now owns 45,236 shares of the aerospace company’s stock valued at $1,148,000 after purchasing an additional 11,061 shares in the last quarter. American Century Companies Inc. grew its position in shares of CAE by 23.5% during the 4th quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company’s stock worth $66,715,000 after buying an additional 500,702 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of 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 acquiring an additional 14,717 shares during the period. 67.36% of the stock is currently owned by institutional investors.

CAE Price Performance

Shares of NYSE CAE opened at $25.54 on Wednesday. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. 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. The stock’s 50-day simple moving average is $24.45 and its two-hundred day simple moving average is $22.17.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CAE shares. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. The Goldman Sachs Group raised their target price on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, CAE has an average rating of “Hold” and a consensus price target 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.