Swiss National Bank Trims Stock Position in CAE Inc (NYSE:CAE)

Swiss National Bank cut its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 906,800 shares of the aerospace company's stock after selling 18,400 shares during the quarter. Swiss National Bank owned about 0.28% of CAE worth $22,311,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec increased its stake in CAE by 25.7% in 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 purchasing an additional 6,313,165 shares during the period. JARISLOWSKY FRASER Ltd increased its stake in CAE by 7.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after purchasing an additional 1,702,904 shares during the period. Vanguard Group Inc. increased its stake in CAE by 1.2% in the first quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company's stock valued at $303,957,000 after purchasing an additional 149,142 shares during the period. Nomura Holdings Inc. acquired a new position in CAE in the fourth quarter valued at $201,771,000. Finally, Select Equity Group L.P. increased its stake in CAE by 427.1% in the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after purchasing an additional 5,462,455 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of CAE in a research note on Monday, June 30th. They set a "buy" rating and a $33.00 price target on the stock. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. CIBC reiterated a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. TD Securities upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.67.

CAE Price Performance

CAE traded down $0.55 on Friday, hitting $27.46. 1,122,368 shares of the company were exchanged, compared to its average volume of 710,660. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.58 and a current ratio of 0.87. The business's fifty day moving average is $28.32 and its 200 day moving average is $25.85. CAE Inc has a fifty-two week low of $17.26 and a fifty-two week high of $30.13. The firm has a market capitalization of $8.80 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 2.28 and a beta of 1.34.

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

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.