Kayne Anderson Rudnick Investment Management LLC Lowers Stock Holdings in CAE Inc. (NYSE:CAE)

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 49.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 932,365 shares of the aerospace company's stock after selling 927,771 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.29% of CAE worth $23,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brandes Investment Partners LP boosted its holdings in CAE by 1.5% during the 4th quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company's stock worth $378,459,000 after acquiring an additional 221,205 shares during the last quarter. Vanguard Group Inc. boosted its holdings in CAE by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company's stock worth $310,134,000 after purchasing an additional 181,807 shares during the last quarter. Norges Bank bought a new stake in CAE in the 4th quarter worth about $98,436,000. Invesco Ltd. increased its stake in CAE by 4.3% in the 4th quarter. Invesco Ltd. now owns 3,673,331 shares of the aerospace company's stock valued at $93,229,000 after buying an additional 150,484 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of CAE by 23.5% during the 4th quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company's stock worth $66,715,000 after buying an additional 500,702 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on CAE. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Royal Bank of Canada restated an "outperform" rating and set a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th. National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. Finally, TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $32.00.

CAE Stock Performance

Shares of CAE traded up $0.14 during trading hours on Friday, hitting $24.43. The company's stock had a trading volume of 280,692 shares, compared to its average volume of 567,237. The business has a 50 day simple moving average of $23.99 and a two-hundred day simple moving average of $22.99. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company has a market cap of $7.82 billion, a price-to-earnings ratio of -46.98, a PEG ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, equities analysts expect that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

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, 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.