New York State Common Retirement Fund Has $25.41 Million Position in CAE Inc (NYSE:CAE)

New York State Common Retirement Fund trimmed its stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,033,504 shares of the aerospace company's stock after selling 85,495 shares during the quarter. 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 recently added to or reduced their stakes in the stock. Natixis bought a new stake in CAE during the fourth quarter worth about $38,000. Versant Capital Management Inc acquired a new position in CAE during the first quarter worth about $53,000. UniSuper Management Pty Ltd acquired a new position in CAE during the fourth quarter worth about $147,000. First Trust Advisors LP acquired a new position in CAE during the fourth quarter worth about $213,000. Finally, Orion Portfolio Solutions LLC acquired a new position in CAE during the fourth quarter worth about $225,000. 67.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CAE shares. Scotiabank raised CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Jefferies Financial Group set a $28.00 price objective on CAE and gave the company a "hold" rating in a research note on Wednesday, June 25th. The Goldman Sachs Group assumed coverage on CAE in a research note on Monday, June 30th. They issued a "buy" rating and a $33.00 price objective for the company. Cibc World Mkts raised CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, CAE presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

CAE Trading Down 0.7%

Shares of CAE traded down $0.20 during trading hours on Thursday, hitting $29.37. 287,645 shares of the stock were exchanged, compared to its average volume of 547,623. CAE Inc has a fifty-two week low of $15.95 and a fifty-two week high of $30.13. 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 business has a 50-day moving average of $27.00 and a 200-day moving average of $25.17. The firm has a market capitalization of $9.41 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 2.44 and a beta of 1.30.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings data 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 company 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. On average, research analysts expect 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.