258,451 Shares in CAE Inc. (NYSE:CAE) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 258,451 shares of the aerospace company's stock, valued at approximately $4,857,000. Public Employees Retirement System of Ohio owned 0.08% of CAE as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in shares of CAE by 1.6% in the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock valued at $93,446,000 after purchasing an additional 77,489 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of CAE by 9.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company's stock valued at $19,188,000 after purchasing an additional 89,800 shares during the last quarter. Clearline Capital LP acquired a new position in CAE during the second quarter worth $2,290,000. Intech Investment Management LLC bought a new stake in CAE during the 3rd quarter worth about $2,432,000. Finally, Pinnacle Associates Ltd. boosted its stake in shares of CAE by 3.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company's stock worth $16,399,000 after buying an additional 32,328 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Stock Performance

CAE stock traded down $0.17 during mid-day trading on Friday, hitting $23.28. 197,470 shares of the company were exchanged, compared to its average volume of 586,223. The stock has a market capitalization of $7.42 billion, a PE ratio of -30.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $24.02. The business has a 50 day simple moving average of $20.64 and a 200-day simple moving average of $19.02.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Cibc World Mkts downgraded shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, CAE currently has an average rating of "Hold" and a consensus target price of $25.00.

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.