Corient Private Wealth LLC Has $475,000 Holdings in CAE Inc. (NYSE:CAE)

Corient Private Wealth LLC decreased its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 29.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,701 shares of the aerospace company’s stock after selling 7,680 shares during the quarter. Corient Private Wealth LLC’s holdings in CAE were worth $475,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CAE. Asset Planning Inc bought a new position in shares of CAE in the 4th quarter valued at $30,000. Allworth Financial LP lifted its holdings in shares of CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after acquiring an additional 913 shares during the last quarter. US Bancorp DE increased 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 worth $226,000 after purchasing an additional 835 shares in the last quarter. Centiva Capital LP bought a new position in CAE in the 3rd quarter valued at approximately $197,000. Finally, Benjamin Edwards Inc. acquired a new stake in CAE in the third quarter valued at approximately $249,000. 67.36% of the stock is owned by institutional investors.

CAE Trading Down 3.4 %

CAE opened at $24.46 on Friday. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a fifty day moving average of $24.50 and a 200-day moving average of $22.29. The stock has a market cap of $7.83 billion, a PE ratio of -47.03, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. On average, sell-side analysts predict that CAE Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CAE. Royal Bank of Canada restated an “outperform” rating and set a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group upped their price target on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.00.

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, 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.