CAE Inc (NYSE:CAE) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 12.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,088 shares of the aerospace company's stock after selling 15,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in CAE were worth $2,780,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CAE. Natixis acquired a new stake in CAE during the 4th quarter worth about $38,000. Versant Capital Management Inc acquired a new stake in CAE during the 1st quarter worth about $53,000. UniSuper Management Pty Ltd acquired a new stake in CAE during the 4th quarter worth about $147,000. Allworth Financial LP lifted its position in CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after acquiring an additional 913 shares during the period. Finally, First Trust Advisors LP acquired a new stake in CAE during the 4th quarter worth about $213,000. Institutional investors and hedge funds own 67.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on CAE. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Scotiabank raised CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, May 15th. Jefferies Financial Group lowered their price target on CAE from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, May 16th. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Finally, Wall Street Zen raised CAE from a "hold" rating to a "buy" rating in a report on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, CAE has an average rating of "Moderate Buy" and a consensus price target of $32.33.

CAE Price Performance

NYSE CAE traded down $0.35 during trading hours on Friday, reaching $26.21. The company's stock had a trading volume of 574,664 shares, compared to its average volume of 541,683. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 2.16 and a beta of 1.28. CAE Inc has a 1-year low of $15.95 and a 1-year high of $27.62. 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's 50-day moving average is $25.42 and its two-hundred day moving average is $24.56.

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, topping analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. CAE had a return on equity of 8.17% and a net margin of 8.55%. CAE's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, equities analysts predict that CAE Inc will post 0.83 EPS 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.