Massachusetts Financial Services Co. MA Sells 38,700 Shares of CAE Inc (NYSE:CAE)

Massachusetts Financial Services Co. MA lessened its position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,184,376 shares of the aerospace company's stock after selling 38,700 shares during the period. Massachusetts Financial Services Co. MA owned about 0.37% of CAE worth $29,124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec grew its position in shares of CAE by 25.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock valued at $784,651,000 after acquiring an additional 6,313,165 shares during the period. JARISLOWSKY FRASER Ltd lifted its stake in shares of CAE by 7.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock worth $606,697,000 after buying an additional 1,702,904 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of CAE by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company's stock worth $310,134,000 after buying an additional 181,807 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of CAE during the 4th quarter worth about $201,771,000. Finally, Select Equity Group L.P. lifted its stake in shares of CAE by 427.1% during the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock worth $171,093,000 after buying an additional 5,462,455 shares during the last quarter. Institutional investors own 67.36% of the company's stock.

CAE Stock Down 0.6%

Shares of CAE stock traded down $0.19 during trading on Friday, reaching $29.11. 423,576 shares of the company traded hands, compared to its average volume of 553,782. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.58. The company has a 50 day moving average price of $27.13 and a 200-day moving average price of $25.22. CAE Inc has a 1-year low of $15.95 and a 1-year high of $30.13. The firm has a market capitalization of $9.33 billion, a PE ratio of 32.34, a P/E/G ratio of 2.40 and a beta of 1.30.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. CAE had a net margin of 8.55% and a return on equity of 8.17%. The firm had revenue of $886.20 million for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts expect that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CAE. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. CIBC restated a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. Jefferies Financial Group set a $28.00 price objective on shares of CAE and gave the stock a "hold" rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of CAE from a "hold" rating to a "buy" rating in a research note on Tuesday, May 27th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

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.