Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Holdings in CAE Inc. (NYSE:CAE)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 55.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,737 shares of the aerospace company’s stock after selling 71,901 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CAE were worth $1,231,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

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

CAE Stock Performance

Shares of CAE stock opened at $19.04 on Friday. The business has a 50-day simple moving average of $19.51 and a 200-day simple moving average of $20.46. The company has a market cap of $6.06 billion, a PE ratio of 29.75, a P/E/G ratio of 1.43 and a beta of 1.59. CAE Inc. has a one year low of $18.26 and a one year high of $25.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 0.90.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. CAE had a net margin of 6.20% and a return on equity of 7.52%. The company had revenue of $804.01 million during the quarter, compared to analysts’ expectations of $807.13 million. On average, equities research analysts forecast that CAE Inc. will post 0.87 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.