Public Employees Retirement System of Ohio Has $3.70 Million Stock Position in CAE Inc. (NYSE:CAE)

Public Employees Retirement System of Ohio cut its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 43.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,886 shares of the aerospace company's stock after selling 112,565 shares during the quarter. Public Employees Retirement System of Ohio's holdings in CAE were worth $3,700,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new stake in shares of CAE in the 4th quarter valued at $201,771,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in CAE by 25.7% during the fourth 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 in the last quarter. Browning West LP acquired a new stake in shares of CAE in the fourth quarter worth about $150,629,000. Select Equity Group L.P. boosted its stake 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 worth $171,093,000 after acquiring an additional 5,462,455 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of CAE during the 4th quarter worth about $98,436,000. 67.36% of the stock is owned by institutional investors.

CAE Stock Performance

Shares of NYSE CAE traded down $0.77 during trading hours on Tuesday, reaching $26.10. The stock had a trading volume of 850,834 shares, compared to its average volume of 561,580. The company has a market cap of $8.36 billion, a price-to-earnings ratio of -50.19, a PEG ratio of 1.94 and a beta of 1.26. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The business's fifty day moving average is $24.43 and its two-hundred day moving average is $24.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The company had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the prior year, the company posted $0.37 EPS. The business's revenue was up 13.2% on a year-over-year basis. As a group, research analysts expect that CAE Inc. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

CAE has been the topic of several analyst reports. CIBC reiterated a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Wall Street Zen raised shares of CAE from a "hold" rating to a "buy" rating in a report on Tuesday, May 27th. Scotiabank upgraded shares of CAE from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group upped their price target on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered their target price on CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, May 16th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.33.

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.