Schechter Investment Advisors LLC Purchases 666 Shares of CAE Inc. (NYSE:CAE)

Schechter Investment Advisors LLC raised its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 45,047 shares of the aerospace company’s stock after acquiring an additional 666 shares during the period. Schechter Investment Advisors LLC’s holdings in CAE were worth $1,143,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Asset Planning Inc bought a new position in shares of CAE in the fourth quarter worth about $30,000. Venturi Wealth Management LLC bought a new position in shares of CAE in the third quarter worth about $74,000. Allworth Financial LP raised its stake in shares of CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares during the period. US Bancorp DE raised its stake in shares of CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after buying an additional 1,803 shares during the period. Finally, Centiva Capital LP bought a new position in shares of CAE in the third quarter worth about $197,000. Institutional investors own 67.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CAE. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lifted their target price on CAE from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Finally, StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.00.

CAE Stock Performance

NYSE CAE opened at $23.56 on Tuesday. The stock has a market capitalization of $7.53 billion, a PE ratio of -45.31, a P/E/G ratio of 1.94 and a beta of 1.72. The business has a 50 day simple moving average of $24.42 and a two-hundred day simple moving average of $21.41. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share 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, research analysts predict that CAE Inc. will post 0.83 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, 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.