Aviva PLC Sells 12,182 Shares of CAE Inc. (NYSE:CAE)

Aviva PLC lowered its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 569,773 shares of the aerospace company's stock after selling 12,182 shares during the quarter. Aviva PLC owned approximately 0.18% of CAE worth $14,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in shares of CAE by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 421,242 shares of the aerospace company's stock worth $10,682,000 after buying an additional 1,224 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 acquiring an additional 423,780 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in shares of CAE during the fourth quarter worth approximately $225,000. Pictet Asset Management Holding SA grew its position in shares of CAE by 9.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 165,251 shares of the aerospace company's stock valued at $4,194,000 after purchasing an additional 14,699 shares during the last quarter. Finally, Norges Bank bought a new position in shares of CAE during the fourth quarter worth approximately $98,436,000. Institutional investors own 67.36% of the company's stock.

CAE Stock Performance

Shares of CAE stock traded up $0.45 on Friday, hitting $22.71. 438,263 shares of the stock were exchanged, compared to its average volume of 578,764. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE Inc. has a one year low of $15.95 and a one year high of $27.62. The firm has a market capitalization of $7.27 billion, a PE ratio of -43.67, a P/E/G ratio of 1.94 and a beta of 1.39. The firm's 50 day moving average is $24.20 and its two-hundred day moving average is $22.70.

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CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 expect that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CAE. The Goldman Sachs Group lifted their target price on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada reissued an "outperform" rating and issued a $43.00 price objective on shares of CAE in a report on Wednesday, March 12th. TD Securities cut shares of CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Finally, Desjardins raised CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $32.00.

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.