CAE Inc $CAE Shares Sold by Charles Schwab Investment Management Inc.

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. lowered its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 807,985 shares of the aerospace company's stock after selling 20,866 shares during the period. Charles Schwab Investment Management Inc. owned 0.25% of CAE worth $19,862,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CAE. Wall Street Zen cut CAE from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. TD Securities upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Scotiabank restated an "outperform" rating on shares of CAE in a research note on Thursday, August 14th. Jefferies Financial Group reiterated a "hold" rating and set a $30.00 price target on shares of CAE in a research note on Monday, July 21st. Finally, The Goldman Sachs Group began coverage on shares of CAE in a report on Monday, June 30th. They set a "buy" rating and a $33.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.67.

CAE Price Performance

CAE stock opened at $26.8570 on Friday. The firm has a 50 day moving average of $28.32 and a 200-day moving average of $25.93. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.26 and a beta of 1.34. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. CAE Inc has a 12-month low of $17.34 and a 12-month high of $30.13.

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 last year, the business posted $0.21 EPS. As a group, equities analysts expect that CAE Inc will post 0.83 EPS 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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