Raymond James Financial Inc. Sells 34,193 Shares of CAE Inc $CAE

Key Points

• Raymond James Financial Inc. reduced its stake in CAE Inc by 18.3%, now holding 152,754 shares valued at approximately $3.76 million.
• During the first quarter, other institutional investors increased their positions in CAE, with Cresset Asset Management LLC raising its stake by 10.8% and American Century Companies Inc. by 12.8%.
• CAE's stock has shown a 0.2% decline, with a market capitalization of $8.53 billion and current earnings per share (EPS) projections averaging 0.83 for the fiscal year.

Raymond James Financial Inc. decreased its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 18.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,754 shares of the aerospace company's stock after selling 34,193 shares during the period. Raymond James Financial Inc.'s holdings in CAE were worth $3,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in CAE by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock valued at $289,000 after acquiring an additional 497 shares during the period. Dynasty Wealth Management LLC boosted its stake in shares of CAE by 6.5% during the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company's stock valued at $443,000 after purchasing an additional 1,099 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CAE by 2.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company's stock worth $1,803,000 after purchasing an additional 2,062 shares during the last quarter. Versant Capital Management Inc bought a new stake in CAE during the 1st quarter valued at $53,000. Finally, Shell Asset Management Co. raised its holdings in CAE by 10.6% during the 4th quarter. Shell Asset Management Co. now owns 51,220 shares of the aerospace company's stock valued at $1,299,000 after buying an additional 4,900 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Stock Down 1.7%

Shares of CAE stock traded down $0.45 during trading on Tuesday, hitting $26.20. The company's stock had a trading volume of 371,675 shares, compared to its average volume of 570,272. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. The company has a fifty day simple moving average of $28.31 and a two-hundred day simple moving average of $26.13. The company has a market capitalization of $8.40 billion, a PE ratio of 28.48, a P/E/G ratio of 2.36 and a beta of 1.36. CAE Inc has a 52 week low of $17.48 and a 52 week high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $806.92 million during the quarter, compared to analyst estimates of $1.12 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. During the same period last year, the business earned $0.21 EPS. Equities research analysts predict that CAE Inc will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

CAE has been the topic of a number of analyst reports. Jefferies Financial Group restated a "hold" rating and issued a $30.00 price objective on shares of CAE in a research report on Monday, July 21st. TD Securities upgraded CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a research report on Monday, July 7th. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Finally, CIBC reaffirmed a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, CAE presently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

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.