Bank of Montreal Can Has $103.55 Million Stake in CAE Inc. (NYSE:CAE)

Bank of Montreal Can reduced its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,083,390 shares of the aerospace company's stock after selling 974,470 shares during the quarter. Bank of Montreal Can owned 1.28% of CAE worth $103,553,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CAE. Norges Bank acquired a new stake in CAE during the 4th quarter valued at $98,436,000. First Eagle Investment Management LLC bought a new stake in shares of CAE during the 4th quarter worth about $24,207,000. Intact Investment Management Inc. bought a new position in CAE in the 4th quarter valued at about $13,763,000. American Century Companies Inc. boosted its holdings in shares of CAE by 23.5% in the 4th quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company's stock valued at $66,715,000 after purchasing an additional 500,702 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of CAE by 31.2% in the 4th quarter. Geode Capital Management LLC now owns 1,779,962 shares of the aerospace company's stock valued at $44,941,000 after purchasing an additional 423,780 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Trading Up 1.7 %

Shares of CAE stock traded up $0.39 during midday trading on Monday, reaching $23.11. The company had a trading volume of 70,712 shares, compared to its average volume of 576,799. The firm has a market cap of $7.40 billion, a PE ratio of -44.44, a P/E/G ratio of 1.94 and a beta of 1.39. The stock has a fifty day moving average price of $24.20 and a 200 day moving average price of $22.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62.

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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 EPS for the quarter, beating 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%. On average, equities analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CAE. The Goldman Sachs Group raised their price objective on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. TD Securities cut shares of CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Saturday. National Bank Financial downgraded shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Finally, Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.00.

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.