DSM Capital Partners LLC Raises Position in CAE Inc. (NYSE:CAE)

DSM Capital Partners LLC grew its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 17,370.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 135,393 shares of the aerospace company’s stock after purchasing an additional 134,618 shares during the quarter. DSM Capital Partners LLC’s holdings in CAE were worth $2,923,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CAE. Signaturefd LLC raised its holdings in CAE by 15.9% in the third quarter. Signaturefd LLC now owns 10,129 shares of the aerospace company’s stock worth $237,000 after buying an additional 1,387 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in CAE by 85.5% in the third 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. Barclays PLC raised its holdings in CAE by 754.4% in the third quarter. Barclays PLC now owns 95,080 shares of the aerospace company’s stock worth $2,220,000 after buying an additional 83,952 shares during the last quarter. Barometer Capital Management Inc. purchased a new position in shares of CAE during the third quarter valued at approximately $2,944,000. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of CAE by 7.9% during the third quarter. Sequoia Financial Advisors LLC now owns 21,509 shares of the aerospace company’s stock valued at $502,000 after purchasing an additional 1,578 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Performance

NYSE CAE traded down $0.14 during trading hours on Friday, hitting $18.65. 852,283 shares of the company’s stock traded hands, compared to its average volume of 603,356. The business’s fifty day moving average price is $19.89 and its two-hundred day moving average price is $20.23. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $5.94 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.40 and a beta of 1.58. CAE Inc. has a 52 week low of $17.40 and a 52 week high of $25.04.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CAE shares. Canaccord Genuity Group reissued a “hold” rating on shares of CAE in a report on Wednesday. Canaccord Genuity Group cut shares of CAE from a “buy” rating to a “hold” rating in a report on Wednesday. Desjardins cut shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. The Goldman Sachs Group boosted their price objective on shares of CAE from $25.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, CAE currently has an average rating of “Hold” and a consensus price target of $34.75.

CAE Company 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.