Shell Asset Management Co. Buys 15,819 Shares of CAE Inc. (NYSE:CAE)

Shell Asset Management Co. lifted its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 26.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,893 shares of the aerospace company’s stock after purchasing an additional 15,819 shares during the period. Shell Asset Management Co.’s holdings in CAE were worth $1,548,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CAE. CIBC Asset Management Inc increased its position in CAE by 21.3% in the fourth quarter. CIBC Asset Management Inc now owns 681,156 shares of the aerospace company’s stock worth $14,749,000 after buying an additional 119,411 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in CAE by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock valued at $719,443,000 after purchasing an additional 2,083,595 shares during the last quarter. Henry James International Management Inc. boosted its position in CAE by 16.0% during the first quarter. Henry James International Management Inc. now owns 210,400 shares of the aerospace company’s stock worth $4,343,000 after purchasing an additional 28,991 shares during the period. Norges Bank purchased a new position in shares of CAE in the fourth quarter worth about $74,413,000. Finally, Vanguard Group Inc. raised its position in shares of CAE by 1.5% in the third quarter. Vanguard Group Inc. now owns 10,606,797 shares of the aerospace company’s stock valued at $247,669,000 after purchasing an additional 152,778 shares during the period. Institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

CAE has been the subject of a number of recent research reports. StockNews.com lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Jefferies Financial Group began coverage on CAE in a report on Thursday, June 6th. They set a “hold” rating and a $21.00 target price for the company. Canaccord Genuity Group lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Canaccord Genuity Group reiterated a “hold” rating on shares of CAE in a research note on Wednesday, May 22nd. Finally, The Goldman Sachs Group upped their price target on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.00.

CAE Stock Up 0.1 %

Shares of NYSE CAE traded up $0.02 during mid-day trading on Friday, reaching $17.67. 99,660 shares of the company were exchanged, compared to its average volume of 585,766. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.85. CAE Inc. has a 52 week low of $17.40 and a 52 week high of $25.04. The company’s 50 day moving average price is $18.76 and its 200 day moving average price is $19.53.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Monday, May 27th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.16). The firm had revenue of $835.47 million during the quarter, compared to analysts’ expectations of $863.18 million. CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, research analysts predict that CAE Inc. will post 0.86 EPS for the current fiscal 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.