Northwest & Ethical Investments L.P. Has $5.01 Million Stock Holdings in CAE Inc $CAE

Northwest & Ethical Investments L.P. decreased its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 5.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 171,079 shares of the aerospace company’s stock after selling 9,127 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in CAE were worth $5,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Services Automobile Association grew its stake in shares of CAE by 4.5% during the first 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 during the period. Russell Investments Group Ltd. boosted its holdings in CAE by 0.4% during the second quarter. Russell Investments Group Ltd. now owns 129,445 shares of the aerospace company’s stock worth $3,770,000 after buying an additional 522 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of CAE by 3.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,959 shares of the aerospace company’s stock worth $555,000 after buying an additional 619 shares during the period. Metis Global Partners LLC grew its position in shares of CAE by 5.1% during the 2nd quarter. Metis Global Partners LLC now owns 16,517 shares of the aerospace company’s stock worth $484,000 after buying an additional 799 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of CAE by 11.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 851 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CAE. Scotiabank reissued an “outperform” rating on shares of CAE in a research note on Thursday, August 14th. Royal Bank Of Canada cut their target price on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and an average target price of $34.33.

CAE Stock Up 2.2%

CAE stock opened at $26.45 on Thursday. The company has a 50 day moving average of $27.67 and a 200-day moving average of $27.48. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. CAE Inc has a twelve month low of $20.36 and a twelve month high of $30.13. The stock has a market capitalization of $8.50 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $897.99 million for the quarter, compared to analyst estimates of $1.13 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. On average, equities research analysts anticipate that CAE Inc will post 0.83 EPS 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.