New York State Common Retirement Fund Cuts Holdings in CAE Inc (NYSE:CAE)

New York State Common Retirement Fund cut its position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 7.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,033,504 shares of the aerospace company's stock after selling 85,495 shares during the period. New York State Common Retirement Fund owned about 0.32% of CAE worth $25,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAE. Charles Schwab Investment Management Inc. boosted its holdings in CAE by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 828,851 shares of the aerospace company's stock valued at $21,036,000 after purchasing an additional 7,215 shares during the period. Raymond James Financial Inc. bought a new position in CAE during the fourth quarter worth $4,746,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CAE by 28.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,297 shares of the aerospace company's stock worth $1,809,000 after buying an additional 15,763 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of CAE by 14.9% in the fourth quarter. Natixis Advisors LLC now owns 288,949 shares of the aerospace company's stock valued at $7,334,000 after purchasing an additional 37,422 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. increased its holdings in CAE by 8.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 186,562 shares of the aerospace company's stock worth $4,729,000 after buying an additional 14,717 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Down 0.6%

Shares of NYSE:CAE traded down $0.19 during trading on Friday, hitting $29.11. The company's stock had a trading volume of 423,576 shares, compared to its average volume of 553,739. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.58 and a current ratio of 0.80. The stock's 50-day moving average price is $27.13 and its two-hundred day moving average price is $25.22. The company has a market capitalization of $9.33 billion, a PE ratio of 32.34, a PEG ratio of 2.42 and a beta of 1.30. 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 released its 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 business had revenue of $886.20 million for the quarter, compared to the consensus estimate of $1.30 billion. CAE had a return on equity of 8.17% and a net margin of 8.55%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. As a group, sell-side analysts expect that CAE Inc will post 0.83 EPS for the current year.

Analyst Ratings Changes

CAE has been the topic of several analyst reports. The Goldman Sachs Group began coverage on shares of CAE in a research note on Monday, June 30th. They issued a "buy" rating and a $33.00 target price on the stock. BMO Capital Markets restated an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Wall Street Zen raised shares of CAE from a "hold" rating to a "buy" rating in a report on Tuesday, May 27th. Finally, Jefferies Financial Group set a $28.00 price objective on shares of CAE and gave the company a "hold" rating in a report on Wednesday, June 25th. Six analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.