CAE Inc. (NYSE:CAE) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,858 shares of the aerospace company’s stock after selling 2,271 shares during the quarter. Signaturefd LLC’s holdings in CAE were worth $170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of CAE during the third quarter worth about $29,000. Allworth Financial LP increased its stake 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 worth $36,000 after acquiring an additional 1,343 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of CAE by 85.5% during the third quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 935 shares during the period. Pacifica Partners Inc. increased its stake in shares of CAE by 24.6% during the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 793 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of CAE by 24.9% during the third quarter. PNC Financial Services Group Inc. now owns 7,063 shares of the aerospace company’s stock worth $165,000 after acquiring an additional 1,409 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CAE Trading Up 1.5 %

Shares of CAE opened at $19.04 on Monday. CAE Inc. has a twelve month low of $18.26 and a twelve month high of $25.04. The firm has a market capitalization of $6.06 billion, a P/E ratio of 29.75, a PEG ratio of 1.43 and a beta of 1.59. 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’s 50-day moving average is $19.51 and its two-hundred day moving average is $20.39.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $807.13 million. On average, research analysts predict that CAE Inc. will post 0.85 earnings per share 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.