Charles Schwab Investment Management Inc. Sells 20,866 Shares of CAE Inc $CAE

Key Points

• Charles Schwab Investment Management Inc. decreased its stake in CAE Inc by 2.5%, selling 20,866 shares and now holding 807,985 shares valued at approximately $19.86 million.
• Wall Street analysts have mixed ratings for CAE, with two analysts rating it as Strong Buy, five as Buy, and four as Hold, while TD Securities recently upgraded its rating from Hold to Buy.
• CAE Inc's recent financial performance reports significant revenue of $806.92 million and earnings per share of $0.15, meeting analysts' expectations but falling below consensus revenue estimates.

Charles Schwab Investment Management Inc. lessened its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 807,985 shares of the aerospace company's stock after selling 20,866 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.25% of CAE worth $19,862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CAE. Raymond James Financial Inc. purchased a new position in CAE during the fourth quarter worth $4,746,000. Barclays PLC boosted its stake in CAE by 269.0% during the fourth quarter. Barclays PLC now owns 27,544 shares of the aerospace company's stock worth $699,000 after buying an additional 20,080 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in CAE by 0.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock worth $1,991,000 after buying an additional 646 shares during the period. First Trust Advisors LP purchased a new position in CAE during the fourth quarter worth $213,000. Finally, Natixis purchased a new position in CAE during the fourth quarter worth $38,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Trading Down 0.2%

Shares of CAE traded down $0.06 during trading hours on Wednesday, reaching $27.04. 300,170 shares of the company traded hands, compared to its average volume of 721,619. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.39 and a beta of 1.34. CAE Inc has a 12-month low of $17.34 and a 12-month high of $30.13. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The stock's fifty day moving average price is $28.34 and its 200 day moving average price is $26.03.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $806.92 million during the quarter, compared to the consensus estimate of $1.12 billion. CAE had a return on equity of 7.92% and a net margin of 8.70%.During the same period in the previous year, the company posted $0.21 earnings per share. Sell-side analysts forecast that CAE Inc will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen lowered shares of CAE from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $30.00 target price on shares of CAE in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, CAE currently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

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.