Dimensional Fund Advisors LP Sells 25,373 Shares of CAE Inc. (NYSE:CAE)

Dimensional Fund Advisors LP trimmed its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,152,431 shares of the aerospace company's stock after selling 25,373 shares during the period. Dimensional Fund Advisors LP owned about 0.36% of CAE worth $29,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in CAE by 3.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company's stock valued at $29,759,000 after acquiring an additional 42,325 shares during the last quarter. Raymond James Financial Inc. purchased a new position in CAE in the fourth quarter valued at approximately $4,746,000. Norges Bank purchased a new stake in CAE in the fourth quarter worth $98,436,000. Plato Investment Management Ltd bought a new stake in shares of CAE in the fourth quarter valued at $846,000. Finally, Intact Investment Management Inc. purchased a new position in shares of CAE during the 4th quarter valued at $13,763,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAE has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. National Bank Financial downgraded CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. Finally, TD Securities cut CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $32.00.

CAE Stock Down 1.8 %

CAE opened at $25.42 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE Inc. has a one year low of $15.95 and a one year high of $27.62. The firm has a market capitalization of $8.14 billion, a P/E ratio of -48.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. The company has a fifty day moving average price of $23.99 and a 200-day moving average price of $23.33.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Equities research 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.

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