Toronto Dominion Bank Has $34.03 Million Stock Holdings in CAE Inc. (NYSE:CAE)

Toronto Dominion Bank lowered its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,341,655 shares of the aerospace company's stock after selling 88,727 shares during the quarter. Toronto Dominion Bank owned approximately 0.42% of CAE worth $34,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CAE. Ossiam increased its position in CAE by 1.0% during the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company's stock worth $1,173,000 after acquiring an additional 447 shares during the period. Cetera Investment Advisers grew its position in shares of CAE by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after purchasing an additional 497 shares in the last quarter. Rathbones Group PLC increased its holdings in shares of CAE by 0.9% during the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock worth $1,386,000 after purchasing an additional 500 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of CAE by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after buying an additional 646 shares in the last quarter. Finally, Schechter Investment Advisors LLC boosted its stake in shares of CAE by 1.5% in the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock valued at $1,143,000 after buying an additional 666 shares during the period. Institutional investors own 67.36% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on CAE shares. Royal Bank of Canada lowered CAE from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $41.00 to $38.00 in a research note on Wednesday. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. CIBC reaffirmed a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Jefferies Financial Group cut their price objective on shares of CAE from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded shares of CAE from a "buy" rating to a "strong-buy" rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $32.33.

CAE Price Performance

NYSE:CAE traded up $0.19 on Thursday, hitting $24.91. The company had a trading volume of 630,563 shares, compared to its average volume of 573,373. The firm has a 50 day moving average of $24.31 and a two-hundred day moving average of $23.85. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of -47.90, a PEG ratio of 1.94 and a beta of 1.26. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (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 analysts' expectations of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The company's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. On average, research analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current year.

CAE 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.