M&T Bank Corp Sells 151,818 Shares of CAE Inc (NYSE:CAE)

M&T Bank Corp decreased its stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 70.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,616 shares of the aerospace company's stock after selling 151,818 shares during the quarter. M&T Bank Corp's holdings in CAE were worth $1,589,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Natixis bought a new position in shares of CAE during the 4th quarter valued at approximately $38,000. Versant Capital Management Inc purchased a new stake in shares of CAE in the first quarter worth $53,000. UniSuper Management Pty Ltd bought a new stake in shares of CAE during the 4th quarter valued at $147,000. First Trust Advisors LP bought a new stake in shares of CAE during the 4th quarter valued at $213,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of CAE during the 4th quarter valued at $225,000. Institutional investors own 67.36% of the company's stock.

CAE Price Performance

CAE stock traded up $0.03 during midday trading on Wednesday, reaching $29.54. 785,276 shares of the stock traded hands, compared to its average volume of 549,890. 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 Inc has a 12 month low of $15.95 and a 12 month high of $30.13. The stock's fifty day moving average is $26.92 and its 200-day moving average is $25.14. The stock has a market cap of $9.47 billion, a P/E ratio of 32.82, a PEG ratio of 2.43 and a beta of 1.30.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Scotiabank upgraded CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, May 15th. Cibc World Mkts raised CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CAE has an average rating of "Moderate Buy" and an average price target of $33.00.

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.