Bank of New York Mellon Corp Has $7.50 Million Stock Holdings in CAE Inc. (NYSE:CAE)

Bank of New York Mellon Corp increased its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 295,414 shares of the aerospace company's stock after buying an additional 26,561 shares during the period. Bank of New York Mellon Corp owned about 0.09% of CAE worth $7,498,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CAE. Bank of Montreal Can increased its position in CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock valued at $93,446,000 after acquiring an additional 77,489 shares during the period. Intech Investment Management LLC acquired a new position in shares of CAE during the third quarter valued at approximately $2,432,000. Geode Capital Management LLC raised its stake in shares of CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company's stock worth $25,218,000 after buying an additional 103,081 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of CAE during the 3rd quarter valued at about $453,000. Finally, Toronto Dominion Bank lifted its stake in CAE by 40.6% during the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock valued at $26,820,000 after purchasing an additional 412,906 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

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CAE Stock Up 1.0 %

Shares of CAE stock traded up $0.23 during trading on Wednesday, hitting $24.54. 175,779 shares of the company were exchanged, compared to its average volume of 549,837. The business's 50-day simple moving average is $24.32 and its 200 day simple moving average is $21.92. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of -47.22, 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 quick ratio of 0.63 and a current ratio of 0.86.

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 (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%. As a group, analysts forecast that CAE Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CAE shares. TD Securities downgraded CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $43.00 price objective on shares of CAE in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group raised their target price on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, CAE currently has an average rating of "Hold" and a consensus price target of $32.00.

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.