CAE Inc. (NYSE:CAE) Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,172,533 shares of the aerospace company’s stock after acquiring an additional 42,325 shares during the period. JPMorgan Chase & Co.’s holdings in CAE were worth $29,759,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Schechter Investment Advisors LLC lifted its position in CAE by 1.5% in the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock worth $1,143,000 after purchasing an additional 666 shares during the period. US Bancorp DE raised its stake in shares of CAE by 10.4% in the 4th quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock worth $226,000 after buying an additional 835 shares in the last quarter. Allworth Financial LP lifted its holdings 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 valued at $177,000 after buying an additional 913 shares during the period. Asset Planning Inc bought a new position in CAE during the fourth quarter valued at about $30,000. Finally, Truist Financial Corp grew its holdings in CAE by 2.5% during the fourth quarter. Truist Financial Corp now owns 63,059 shares of the aerospace company’s stock worth $1,600,000 after acquiring an additional 1,519 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CAE shares. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. StockNews.com lowered CAE from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, 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 report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, CAE currently has an average rating of “Hold” and a consensus target price of $32.00.

CAE Stock Down 0.1 %

NYSE:CAE opened at $21.05 on Wednesday. The business’s fifty day moving average price is $24.25 and its 200 day moving average price is $22.57. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of -40.48, a PEG ratio of 1.94 and a beta of 1.39. 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 1-year low of $15.95 and a 1-year high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

CAE Company 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.