Korea Investment CORP Purchases 80,400 Shares of CAE Inc. (NYSE:CAE)

Korea Investment CORP boosted its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 71.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,562 shares of the aerospace company’s stock after acquiring an additional 80,400 shares during the quarter. Korea Investment CORP owned 0.06% of CAE worth $4,887,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after purchasing an additional 103,081 shares during the last quarter. Sanctuary Advisors LLC bought a new position in CAE in the third quarter valued at about $453,000. Plato Investment Management Ltd acquired a new position in CAE during the fourth quarter worth about $846,000. Intact Investment Management Inc. bought a new position in shares of CAE in the fourth quarter worth about $13,763,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of CAE by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 828,851 shares of the aerospace company’s stock valued at $21,036,000 after purchasing an additional 7,215 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CAE. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their price objective on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $43.00 price target on shares of CAE in a report on Wednesday, March 12th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and an average target price of $32.00.

CAE Trading Up 0.4 %

NYSE CAE opened at $24.60 on Tuesday. The firm has a market capitalization of $7.88 billion, a PE ratio of -47.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The business’s 50-day moving average price is $24.51 and its two-hundred day moving average price is $22.37. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62.

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