Royal Bank of Canada Sells 1,644,941 Shares of CAE Inc. (NYSE:CAE)

Royal Bank of Canada trimmed its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,640,390 shares of the aerospace company's stock after selling 1,644,941 shares during the period. Royal Bank of Canada owned 2.39% of CAE worth $193,913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantinno Capital Management LP lifted its holdings in CAE by 175.6% during the 4th quarter. Quantinno Capital Management LP now owns 51,653 shares of the aerospace company's stock valued at $1,311,000 after purchasing an additional 32,913 shares during the last quarter. Nomura Holdings Inc. acquired a new position in CAE in the 4th quarter valued at about $201,771,000. JARISLOWSKY FRASER Ltd raised its holdings in CAE by 7.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after acquiring an additional 1,702,904 shares during the period. Cresset Asset Management LLC lifted its position in CAE by 61.1% during the fourth quarter. Cresset Asset Management LLC now owns 532,511 shares of the aerospace company's stock worth $13,515,000 after acquiring an additional 201,981 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after acquiring an additional 497 shares during the period. 67.36% of the stock is currently owned by institutional investors.

CAE Price Performance

NYSE:CAE traded down $0.06 during mid-day trading on Friday, reaching $24.85. The stock had a trading volume of 85,519 shares, compared to its average volume of 527,284. The stock has a 50-day simple moving average of $24.32 and a two-hundred day simple moving average of $23.89. 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 Inc. has a 12 month low of $15.95 and a 12 month high of $27.62. The stock has a market capitalization of $7.96 billion, a PE ratio of -47.78, a P/E/G ratio of 1.94 and a beta of 1.26.

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 analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. CAE's revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, equities analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

CAE has been the topic of a number of recent research reports. Scotiabank upgraded CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Jefferies Financial Group lowered their price target on shares of CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.33.

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.