TD Asset Management Inc Acquires 18,187 Shares of CAE Inc $CAE

Key Points

• TD Asset Management Inc increased its holdings in CAE Inc by 1.2%, acquiring an additional 18,187 shares, bringing its total to approximately 1.59 million shares valued at $46.58 million.
• Currently, 67.36% of CAE's stock is owned by institutional investors, indicating strong interest from larger investment firms.
• CAE's recent earnings report showed an EPS of $0.15, matching analysts' expectations, despite revenue of $806.92 million falling short of estimates.

TD Asset Management Inc boosted its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 1.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,592,613 shares of the aerospace company's stock after purchasing an additional 18,187 shares during the quarter. TD Asset Management Inc owned approximately 0.50% of CAE worth $46,582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. United Services Automobile Association lifted its stake in CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after purchasing an additional 462 shares in the last quarter. Dynasty Wealth Management LLC increased its holdings in shares of CAE by 6.5% in the 1st quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company's stock worth $443,000 after buying an additional 1,099 shares during the last quarter. Clarius Group LLC increased its holdings in shares of CAE by 11.2% in the 2nd quarter. Clarius Group LLC now owns 11,136 shares of the aerospace company's stock worth $326,000 after buying an additional 1,122 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CAE by 2.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company's stock worth $1,803,000 after buying an additional 2,062 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of CAE by 11.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,756 shares of the aerospace company's stock worth $637,000 after buying an additional 2,216 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CAE has been the topic of a number of research reports. Jefferies Financial Group restated a "hold" rating and issued a $30.00 target price on shares of CAE in a report on Monday, July 21st. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Wall Street Zen downgraded shares of CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, The Goldman Sachs Group assumed coverage on shares of CAE in a report on Monday, June 30th. They set a "buy" rating and a $33.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, CAE presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Stock Up 0.5%

NYSE:CAE opened at $27.53 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The stock has a fifty day simple moving average of $27.64 and a 200-day simple moving average of $26.75. CAE Inc has a twelve month low of $17.58 and a twelve month high of $30.13.

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

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