Northwest & Ethical Investments L.P. Has $4.73 Million Stake in CAE Inc. (NYSE:CAE)

Northwest & Ethical Investments L.P. lifted its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,562 shares of the aerospace company's stock after purchasing an additional 14,717 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.06% of CAE worth $4,729,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CAE. First Eagle Investment Management LLC purchased a new stake in CAE during the fourth quarter valued at about $24,207,000. National Bank of Canada FI grew its position in CAE by 13.4% during the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock worth $117,023,000 after purchasing an additional 736,895 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of CAE in the fourth quarter valued at $13,763,000. Toronto Dominion Bank boosted its position in shares of CAE by 40.6% in the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock worth $26,820,000 after buying an additional 412,906 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in CAE during the third quarter valued at $4,857,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAE has been the topic of a number of research reports. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. The Goldman Sachs Group increased their price objective on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. National Bank Financial cut CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $43.00 target price on shares of CAE in a research note on Wednesday, March 12th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CAE presently has an average rating of "Hold" and a consensus target price of $32.00.

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CAE Stock Performance

CAE traded up $0.22 during trading on Tuesday, hitting $25.54. The stock had a trading volume of 319,045 shares, compared to its average volume of 554,222. The firm has a market cap of $8.18 billion, a PE ratio of -49.12, a P/E/G ratio of 1.94 and a beta of 1.74. 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 12 month low of $15.95 and a 12 month high of $27.62. The company has a 50 day simple moving average of $24.41 and a 200-day simple moving average of $22.12.

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, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. 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.