Envestnet Asset Management Inc. Sells 26,291 Shares of CAE Inc (NYSE:CAE)

Envestnet Asset Management Inc. lowered its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 10.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 220,612 shares of the aerospace company's stock after selling 26,291 shares during the period. Envestnet Asset Management Inc. owned 0.07% of CAE worth $5,425,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec raised its position in shares of CAE by 25.7% in the fourth 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 buying an additional 6,313,165 shares in the last quarter. JARISLOWSKY FRASER Ltd raised its position in shares of CAE by 7.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after buying an additional 1,702,904 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CAE by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company's stock valued at $310,134,000 after buying an additional 181,807 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of CAE in the fourth quarter valued at approximately $201,771,000. Finally, Select Equity Group L.P. raised its position in shares of CAE by 427.1% in the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after buying an additional 5,462,455 shares in the last quarter. Institutional investors own 67.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CAE shares. Jefferies Financial Group reiterated a "hold" rating and issued a $30.00 price target on shares of CAE in a research report on Monday, July 21st. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Wall Street Zen upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Tuesday, May 27th. The Goldman Sachs Group assumed coverage on shares of CAE in a research report on Monday, June 30th. They set a "buy" rating and a $33.00 price objective for the company. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a research report on Monday, July 7th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Stock Performance

CAE traded down $0.24 on Monday, hitting $28.44. The company's stock had a trading volume of 604,336 shares, compared to its average volume of 635,025. The company's 50 day simple moving average is $27.51 and its 200-day simple moving average is $25.43. The firm has a market cap of $9.12 billion, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. CAE Inc has a 12 month low of $15.95 and a 12 month high of $30.13. The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $886.20 million during the quarter, compared to the consensus estimate of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. Analysts forecast that CAE Inc will post 0.83 EPS for the current 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.