Swiss National Bank Trims Holdings in CAE Inc. (NYSE:CAE)

Swiss National Bank lowered its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,034,400 shares of the aerospace company’s stock after selling 31,200 shares during the period. Swiss National Bank owned approximately 0.32% of CAE worth $22,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of CAE in the 3rd quarter worth approximately $29,000. Allworth Financial LP raised its position in shares of CAE by 678.3% in the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,343 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in CAE by 85.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 935 shares in the last quarter. Pacifica Partners Inc. grew its position in CAE by 24.6% during the 4th quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock valued at $81,000 after purchasing an additional 793 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in CAE by 24.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,063 shares of the aerospace company’s stock valued at $165,000 after purchasing an additional 1,409 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Trading Up 0.6 %

NYSE:CAE opened at $20.73 on Thursday. The company has a market cap of $6.60 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 1.54 and a beta of 1.58. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. The company has a 50 day simple moving average of $19.70 and a two-hundred day simple moving average of $20.30. CAE Inc. has a 12 month low of $18.26 and a 12 month high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $804.01 million for the quarter, compared to the consensus estimate of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. Research analysts forecast that CAE Inc. will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on CAE shares. Scotiabank downgraded shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, January 22nd. The Goldman Sachs Group lifted their target price on CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.75.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.