Janus Henderson Group PLC Acquires 4,800 Shares of CAE Inc. (NYSE:CAE)

Janus Henderson Group PLC boosted its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 9.1% in the third quarter, HoldingsChannel reports. The firm owned 57,283 shares of the aerospace company’s stock after purchasing an additional 4,800 shares during the period. Janus Henderson Group PLC’s holdings in CAE were worth $1,074,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in shares of CAE during the 2nd quarter worth approximately $33,000. Cromwell Holdings LLC boosted its stake in CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 915 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in CAE in the third quarter worth $74,000. Allworth Financial LP increased its stake in CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 1,327 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of CAE by 28.9% during the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after purchasing an additional 1,803 shares during the period. 67.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on CAE shares. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.00.

CAE Price Performance

CAE stock opened at $23.28 on Friday. The company has a market capitalization of $7.42 billion, a P/E ratio of -30.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $24.02. The business has a 50-day simple moving average of $20.64 and a two-hundred day simple moving average of $19.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84.

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.