Swiss National Bank Sells 37,500 Shares of CAE Inc. (NYSE:CAE)

Swiss National Bank cut its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925,200 shares of the aerospace company's stock after selling 37,500 shares during the quarter. Swiss National Bank owned about 0.29% of CAE worth $23,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CAE. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CAE by 28.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,297 shares of the aerospace company's stock valued at $1,809,000 after buying an additional 15,763 shares during the period. PCJ Investment Counsel Ltd. purchased a new stake in shares of CAE in the 4th quarter valued at about $2,449,000. Raymond James Financial Inc. bought a new stake in shares of CAE during the 4th quarter valued at about $4,746,000. M&T Bank Corp grew its holdings in shares of CAE by 1.0% during the fourth quarter. M&T Bank Corp now owns 216,434 shares of the aerospace company's stock worth $5,493,000 after purchasing an additional 2,101 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of CAE by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 828,851 shares of the aerospace company's stock worth $21,036,000 after purchasing an additional 7,215 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $43.00 price target on shares of CAE in a research note on Wednesday, March 12th. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. TD Securities downgraded CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. The Goldman Sachs Group upped 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. Finally, National Bank Financial cut CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, CAE presently has a consensus rating of "Hold" and a consensus price target of $32.00.

CAE Stock Down 0.3 %

NYSE:CAE traded down $0.08 during trading hours on Friday, reaching $24.53. 295,079 shares of the company traded hands, compared to its average volume of 554,665. The stock has a market capitalization of $7.86 billion, a P/E ratio of -47.18, a P/E/G ratio of 1.94 and a beta of 1.74. The business's 50-day moving average price is $24.36 and its two-hundred day moving average price is $21.96. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. 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 (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating 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%. Analysts predict that CAE Inc. will post 0.83 earnings per share for the current year.

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.