Raymond James Financial Inc. Invests $4.75 Million in CAE Inc. (NYSE:CAE)

Raymond James Financial Inc. purchased a new stake in CAE Inc. (NYSE:CAE) (TSE:CAE) during the 4th quarter, HoldingsChannel reports. The fund purchased 186,947 shares of the aerospace company’s stock, valued at approximately $4,746,000.

Several other institutional investors have also bought and sold shares of the stock. Asset Planning Inc bought a new position in shares of CAE during the fourth quarter valued at $30,000. Allworth Financial LP increased its position in shares of 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. Centiva Capital LP bought a new position in CAE during the 3rd quarter valued at about $197,000. US Bancorp DE boosted its position in CAE by 10.4% in the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock valued at $226,000 after buying an additional 835 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in CAE during the third quarter worth about $249,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 target price on shares of CAE in a report on Wednesday, March 12th. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. The Goldman Sachs Group raised their target price on CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $32.00.

CAE Price Performance

Shares of CAE stock opened at $25.54 on Wednesday. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of -49.12, a PEG ratio of 1.94 and a beta of 1.74. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $24.45 and a 200 day moving average price of $22.17.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping 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%. Research 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.