Aviva PLC Decreases Stock Holdings in CAE Inc. (NYSE:CAE)

Aviva PLC lessened its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 569,773 shares of the aerospace company’s stock after selling 12,182 shares during the period. Aviva PLC’s holdings in CAE were worth $14,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its holdings in shares of CAE by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock valued at $378,459,000 after buying an additional 221,205 shares in the last quarter. Vanguard Group Inc. lifted its position in CAE by 1.5% during 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. Norges Bank acquired a new stake in CAE in the fourth quarter valued at approximately $98,436,000. American Century Companies Inc. grew its holdings in CAE by 23.5% in the fourth quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company’s stock worth $66,715,000 after purchasing an additional 500,702 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CAE by 31.2% during the fourth quarter. Geode Capital Management LLC now owns 1,779,962 shares of the aerospace company’s stock worth $44,941,000 after purchasing an additional 423,780 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Friday. Finally, The Goldman Sachs Group lifted their target price on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, CAE presently has a consensus rating of “Hold” and a consensus price target of $32.00.

CAE Trading Down 1.9 %

CAE stock opened at $21.06 on Tuesday. The stock has a 50-day moving average price of $24.38 and a 200 day moving average price of $22.56. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of -40.49, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Sell-side 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.