United Services Automobile Association Takes $263,000 Position in CAE Inc. (NYSE:CAE)

United Services Automobile Association bought a new position in CAE Inc. (NYSE:CAE) (TSE:CAE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,360 shares of the aerospace company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAE. Asset Planning Inc purchased a new position in shares of CAE in the fourth quarter valued at about $30,000. Allworth Financial LP increased its holdings in CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 913 shares during the period. US Bancorp DE raised its position in CAE by 10.4% during the 4th quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock valued at $226,000 after purchasing an additional 835 shares during the last quarter. Centiva Capital LP bought a new stake in shares of CAE in the 3rd quarter worth approximately $197,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of CAE during the third quarter valued at approximately $249,000. 67.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group increased their target price on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.00.

CAE Price Performance

CAE opened at $25.35 on Tuesday. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. The stock has a 50-day moving average price of $24.41 and a 200-day moving average price of $22.12. The firm has a market cap of $8.12 billion, a PE ratio of -48.74, a P/E/G ratio of 1.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (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%. Sell-side analysts predict that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

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.