Stanley Laman Group Ltd. Cuts Stock Holdings in CAE Inc. (NYSE:CAE)

Stanley Laman Group Ltd. lowered its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 12.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,044 shares of the aerospace company's stock after selling 29,608 shares during the period. Stanley Laman Group Ltd. owned approximately 0.06% of CAE worth $4,968,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Ossiam lifted its position in shares of CAE by 1.0% during the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company's stock worth $1,173,000 after acquiring an additional 447 shares in the last quarter. Cetera Investment Advisers grew 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 buying an additional 497 shares in the last quarter. Rathbones Group PLC increased its position in shares of CAE by 0.9% during the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock valued at $1,386,000 after buying an additional 500 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of CAE by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after acquiring an additional 646 shares during the period. Finally, Schechter Investment Advisors LLC grew its stake in CAE by 1.5% during the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock valued at $1,143,000 after acquiring an additional 666 shares in the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CAE. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Royal Bank of Canada lowered CAE from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $41.00 to $38.00 in a research note on Wednesday, May 21st. Finally, Scotiabank raised CAE from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.33.

CAE Price Performance

Shares of CAE traded down $0.57 during midday trading on Friday, reaching $26.78. The stock had a trading volume of 462,548 shares, compared to its average volume of 549,473. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of -51.50, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The company's 50-day moving average is $24.89 and its 200 day moving average is $24.42. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $886.20 million during the quarter, compared to analyst estimates 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 for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share. On average, equities analysts predict that CAE Inc. will post 0.83 EPS for the current fiscal year.

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.