Toronto Dominion Bank Decreases Stake in CAE Inc. (NYSE:CAE)

Toronto Dominion Bank decreased its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 6.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ossiam grew its stake in shares of CAE by 1.0% during the 4th 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 stake 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 acquiring an additional 497 shares during the period. Rathbones Group PLC grew its stake in shares of CAE by 0.9% during the 4th quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock worth $1,386,000 after acquiring an additional 500 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of 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. Finally, Schechter Investment Advisors LLC grew its stake in shares of CAE by 1.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock worth $1,143,000 after acquiring an additional 666 shares during the period. Institutional investors own 67.36% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. The Goldman Sachs Group raised their target price on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Scotiabank upgraded CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen upgraded CAE from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 19th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, CAE presently has an average rating of "Moderate Buy" and a consensus target price of $32.33.

CAE Price Performance

Shares of NYSE:CAE traded up $0.12 on Friday, hitting $25.03. The company's stock had a trading volume of 366,952 shares, compared to its average volume of 563,002. The company has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $23.97. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. The company has a market capitalization of $8.02 billion, a PE ratio of -48.13, a PEG ratio of 1.94 and a beta of 1.26. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $886.20 million for the quarter, compared to analysts' expectations of $1.30 billion. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The company's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 EPS. Sell-side analysts forecast that CAE Inc. will post 0.83 EPS for the current fiscal 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.