CAE Inc (NYSE:CAE) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 70.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

A number of other institutional investors have also bought and sold shares of CAE. Nomura Holdings Inc. purchased a new position in CAE in the 4th quarter worth approximately $201,771,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of CAE by 25.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock valued at $784,651,000 after buying an additional 6,313,165 shares during the period. Browning West LP purchased a new stake in shares of CAE during the 4th quarter valued at approximately $150,629,000. Select Equity Group L.P. raised its position in shares of CAE by 427.1% during the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after buying an additional 5,462,455 shares during the period. Finally, Norges Bank purchased a new stake in shares of CAE during the 4th quarter valued at approximately $98,436,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Down 1.5%

Shares of NYSE:CAE traded down $0.43 during trading on Friday, hitting $28.81. The company's stock had a trading volume of 523,147 shares, compared to its average volume of 552,528. The business has a 50 day moving average price of $26.76 and a two-hundred day moving average price of $25.08. The company has a market capitalization of $9.23 billion, a PE ratio of 32.01, a P/E/G ratio of 2.38 and a beta of 1.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.58 and a current ratio of 0.80. CAE Inc has a fifty-two week low of $15.95 and a fifty-two week high of $30.13.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on CAE shares. Cibc World Mkts raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Jefferies Financial Group set a $28.00 price target on shares of CAE and gave the company a "hold" rating in a research report on Wednesday, June 25th. The Goldman Sachs Group started coverage on shares of CAE in a research report on Monday, June 30th. They set a "buy" rating and a $33.00 price target on the stock. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research 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 given a strong buy rating to the company. According to data from MarketBeat, CAE has a consensus rating of "Moderate Buy" and an average price target of $33.00.

CAE Company 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.