Deutsche Bank AG Reduces Stake in CAE Inc. (NYSE:CAE)

Deutsche Bank AG lessened its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,435 shares of the aerospace company's stock after selling 13,552 shares during the quarter. Deutsche Bank AG owned about 0.05% of CAE worth $4,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Inc bought a new position in CAE in the fourth quarter valued at about $30,000. Natixis bought a new position in CAE in the fourth quarter valued at about $38,000. UniSuper Management Pty Ltd bought a new position in CAE in the fourth quarter valued at about $147,000. Allworth Financial LP grew its position in CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after acquiring an additional 913 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in CAE in the fourth quarter valued at about $213,000. Institutional investors own 67.36% of the company's stock.

Analyst Ratings Changes

CAE has been the topic of a number of recent analyst reports. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. CIBC reiterated a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. Jefferies Financial Group decreased their target price on CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. Scotiabank upgraded CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, May 15th. Finally, Royal Bank of Canada cut CAE from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $41.00 to $38.00 in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, CAE has an average rating of "Moderate Buy" and a consensus price target of $32.33.

CAE Stock Up 0.5%

Shares of NYSE:CAE traded up $0.12 during trading on Friday, reaching $25.03. 366,952 shares of the stock were exchanged, compared to its average volume of 563,002. 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 Inc. has a 1-year low of $15.95 and a 1-year high of $27.62. The stock has a fifty day moving average of $24.33 and a two-hundred day moving average of $24.01. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of -48.13, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

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, topping the consensus estimate of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The business had revenue of $886.20 million during 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. CAE's revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

About CAE

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.