Beutel Goodman & Co Ltd. Lowers Position in CAE Inc. (NYSE:CAE)

Beutel Goodman & Co Ltd. decreased its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,092,573 shares of the aerospace company's stock after selling 1,282,082 shares during the quarter. Beutel Goodman & Co Ltd. owned approximately 3.78% of CAE worth $306,896,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CAE. Hantz Financial Services Inc. increased its stake in CAE by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company's stock valued at $1,717,000 after buying an additional 1,223 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of CAE by 130.4% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 102,350 shares of the aerospace company's stock valued at $1,921,000 after purchasing an additional 57,924 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in CAE in the 3rd quarter worth approximately $249,000. Centiva Capital LP acquired a new stake in shares of CAE in the third quarter valued at about $197,000. Finally, Janus Henderson Group PLC grew its stake in shares of CAE by 9.1% in the third quarter. Janus Henderson Group PLC now owns 57,283 shares of the aerospace company's stock worth $1,074,000 after acquiring an additional 4,800 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of brokerages have issued reports on CAE. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 target price on shares of CAE in a report on Wednesday, March 12th. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Finally, National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, CAE currently has a consensus rating of "Hold" and a consensus price target of $32.00.

CAE Stock Performance

CAE stock traded up $0.04 during midday trading on Wednesday, reaching $24.63. 183,753 shares of the company's stock traded hands, compared to its average volume of 572,091. The stock's 50-day moving average is $24.51 and its 200 day moving average is $22.42. 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 52-week low of $15.95 and a 52-week high of $27.62. The stock has a market cap of $7.89 billion, a P/E ratio of -47.37, a PEG ratio of 1.94 and a beta of 1.74.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) 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%. As a group, analysts anticipate 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.