Artisan Partners Limited Partnership Trims Stock Position in CAE Inc. (NYSE:CAE)

Artisan Partners Limited Partnership decreased its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,816,621 shares of the aerospace company's stock after selling 1,344,655 shares during the period. Artisan Partners Limited Partnership owned about 1.51% of CAE worth $122,147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CAE. Asset Planning Inc purchased a new position in shares of CAE in the 4th quarter worth approximately $30,000. Allworth Financial LP grew its holdings in CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after purchasing an additional 913 shares during the last quarter. US Bancorp DE increased its position in shares of CAE by 10.4% during the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company's stock worth $226,000 after purchasing an additional 835 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of CAE during the 4th quarter valued at $263,000. Finally, Centiva Capital LP acquired a new stake in shares of CAE in the 3rd quarter worth $197,000. Hedge funds and other institutional investors own 67.36% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on CAE. Royal Bank of Canada reiterated an "outperform" rating and issued a $43.00 price target on shares of CAE in a research note on Wednesday, March 12th. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. TD Securities lowered shares of CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $32.00.

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CAE Price Performance

CAE traded up $0.02 on Tuesday, reaching $24.61. 618,989 shares of the company's stock were exchanged, compared to its average volume of 573,544. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The stock has a market cap of $7.88 billion, a PE ratio of -47.32, a P/E/G ratio of 1.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The stock's fifty day moving average price is $24.51 and its 200-day moving average price is $22.42.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Sell-side analysts expect that CAE Inc. will post 0.83 EPS for the current year.

CAE Company 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.