Swiss National Bank Sells 31,200 Shares of CAE Inc. (NYSE:CAE)

Swiss National Bank lessened its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,034,400 shares of the aerospace company’s stock after selling 31,200 shares during the quarter. Swiss National Bank’s holdings in CAE were worth $22,368,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CAE. Mackenzie Financial Corp lifted its holdings in shares of CAE by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock valued at $719,443,000 after acquiring an additional 2,083,595 shares during the period. Clearbridge Investments LLC grew its stake in CAE by 12.9% during the third quarter. Clearbridge Investments LLC now owns 4,717,835 shares of the aerospace company’s stock worth $110,161,000 after buying an additional 538,838 shares during the last quarter. American Century Companies Inc. raised its stake in shares of CAE by 12.4% in the third quarter. American Century Companies Inc. now owns 3,219,330 shares of the aerospace company’s stock valued at $75,159,000 after acquiring an additional 354,938 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of CAE by 90.5% in the 3rd quarter. CIBC Asset Management Inc now owns 561,745 shares of the aerospace company’s stock worth $13,155,000 after acquiring an additional 266,927 shares in the last quarter. Finally, FMR LLC grew its position in CAE by 2.6% during the 3rd quarter. FMR LLC now owns 9,004,271 shares of the aerospace company’s stock worth $210,216,000 after acquiring an additional 230,912 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Price Performance

Shares of CAE stock opened at $20.73 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. CAE Inc. has a 12 month low of $18.26 and a 12 month high of $25.04. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 1.54 and a beta of 1.58. The stock has a 50-day moving average price of $19.70 and a 200 day moving average price of $20.30.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. CAE had a net margin of 6.20% and a return on equity of 7.52%. The business had revenue of $804.01 million during the quarter, compared to the consensus estimate of $807.13 million. Research analysts expect that CAE Inc. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CAE. The Goldman Sachs Group lifted their price objective on CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Scotiabank downgraded shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, January 22nd. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, CAE has an average rating of “Moderate Buy” and a consensus target price 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.