Coombe Bender & Co LLC Buys 24,865 Shares of CAE Inc. (NYSE:CAE)

Coombe Bender & Co LLC grew its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 15.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,362 shares of the aerospace company’s stock after acquiring an additional 24,865 shares during the quarter. CAE accounts for 2.5% of Coombe Bender & Co LLC’s portfolio, making the stock its 15th biggest holding. Coombe Bender & Co LLC owned about 0.06% of CAE worth $3,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in CAE during the 3rd quarter valued at $29,000. Allworth Financial LP boosted its position in shares of CAE by 678.3% during the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,343 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in CAE by 85.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after buying an additional 935 shares during the last quarter. Pacifica Partners Inc. lifted its position in CAE by 24.6% during the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock valued at $81,000 after purchasing an additional 793 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of CAE by 24.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,063 shares of the aerospace company’s stock worth $165,000 after buying an additional 1,409 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Scotiabank lowered shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, January 22nd. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group lifted their price target on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

CAE Stock Performance

NYSE CAE traded up $0.20 on Thursday, reaching $19.93. 177,860 shares of the stock were exchanged, compared to its average volume of 557,291. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. CAE Inc. has a one year low of $18.26 and a one year high of $25.04. The firm has a market capitalization of $6.34 billion, a PE ratio of 31.13, a PEG ratio of 1.45 and a beta of 1.58. The company’s 50-day simple moving average is $19.53 and its two-hundred day simple moving average is $20.34.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $804.01 million for the quarter, compared to analysts’ expectations of $807.13 million. CAE had a net margin of 6.20% and a return on equity of 7.52%. Analysts expect that CAE Inc. will post 0.85 EPS for the current fiscal 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.