TD Asset Management Inc Has $38.70 Million Stake in CAE Inc (NYSE:CAE)

Key Points

• TD Asset Management Inc increased its stake in CAE Inc by 2.1%, owning 1,574,426 shares valued at approximately $38.70 million as of the latest filing.
• Overall, institutional investors hold 67.36% of CAE's stock, with significant increases from several firms including Korea Investment CORP, which raised its stake by 71.7%.
• CAE reported earnings of $0.33 per share, surpassing estimates, with a revenue of $886.20 million for the quarter, a year-over-year increase of 13.2%.

TD Asset Management Inc increased its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,574,426 shares of the aerospace company's stock after buying an additional 31,697 shares during the period. TD Asset Management Inc owned 0.49% of CAE worth $38,703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAE. LPL Financial LLC increased its stake in CAE by 32.4% in the fourth quarter. LPL Financial LLC now owns 45,236 shares of the aerospace company's stock valued at $1,148,000 after acquiring an additional 11,061 shares during the last quarter. Vanguard Group Inc. increased its stake in CAE by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company's stock valued at $310,134,000 after acquiring an additional 181,807 shares during the last quarter. Korea Investment CORP increased its stake in CAE by 71.7% in the fourth quarter. Korea Investment CORP now owns 192,562 shares of the aerospace company's stock valued at $4,887,000 after acquiring an additional 80,400 shares during the last quarter. JPMorgan Chase & Co. increased its stake in CAE by 3.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company's stock valued at $29,759,000 after acquiring an additional 42,325 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in CAE in the fourth quarter valued at approximately $147,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAE has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a "hold" rating and issued a $30.00 price objective on shares of CAE in a research note on Monday, July 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Trading Up 0.4%

CAE stock traded up $0.11 during midday trading on Tuesday, hitting $28.54. The stock had a trading volume of 372,897 shares, compared to its average volume of 603,447. The firm has a market cap of $9.15 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.34 and a beta of 1.30. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62. CAE Inc has a 1-year low of $15.95 and a 1-year high of $30.13. The business has a fifty day moving average price of $27.51 and a two-hundred day moving average price of $25.43.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. CAE's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. On average, sell-side analysts predict that CAE Inc will post 0.83 earnings per share for the current fiscal year.

CAE 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.