Stifel Financial Corp Has $2.72 Million Stock Holdings in CAE Inc. (NYSE:CAE)

Stifel Financial Corp boosted its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,212 shares of the aerospace company’s stock after purchasing an additional 7,410 shares during the period. Stifel Financial Corp’s holdings in CAE were worth $2,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAE. Asset Planning Inc acquired a new stake in CAE in the fourth quarter valued at about $30,000. Natixis acquired a new stake in shares of CAE in the 4th quarter valued at approximately $38,000. UniSuper Management Pty Ltd bought a new stake in shares of CAE during the 4th quarter valued at approximately $147,000. Allworth Financial LP increased its position in CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after purchasing an additional 913 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in CAE in the fourth quarter valued at approximately $213,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Up 3.2 %

CAE stock opened at $25.91 on Friday. The firm has a 50 day moving average price of $23.97 and a two-hundred day moving average price of $23.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of -49.83, a PEG ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE) (TSE:CAE) last released its 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%. Equities analysts predict that CAE Inc. will post 0.83 EPS for the current year.

Analyst Ratings Changes

CAE has been the subject of several research analyst reports. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group increased their target price on CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $43.00 price objective on shares of CAE in a report on Wednesday, March 12th. Finally, Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus 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.