Toronto Dominion Bank Purchases 412,906 Shares of CAE Inc. (NYSE:CAE)

Toronto Dominion Bank lifted its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 40.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,430,382 shares of the aerospace company's stock after acquiring an additional 412,906 shares during the quarter. Toronto Dominion Bank owned 0.45% of CAE worth $26,820,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of CAE by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company's stock worth $25,218,000 after purchasing an additional 103,081 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in CAE during the third quarter worth about $4,857,000. National Bank of Canada FI increased its holdings in CAE by 13.4% during the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock worth $117,023,000 after buying an additional 736,895 shares during the last quarter. Wellington Management Group LLP raised its position in CAE by 4.7% in the third quarter. Wellington Management Group LLP now owns 114,025 shares of the aerospace company's stock worth $2,143,000 after acquiring an additional 5,101 shares during the period. Finally, Stifel Financial Corp boosted its stake in CAE by 47.9% in the third quarter. Stifel Financial Corp now owns 99,802 shares of the aerospace company's stock valued at $1,871,000 after acquiring an additional 32,344 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CAE. Royal Bank of Canada raised shares of CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th. Morgan Stanley lowered CAE from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 16th. Cibc World Mkts downgraded CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CAE has a consensus rating of "Hold" and an average price target of $25.00.

CAE Stock Performance

Shares of NYSE:CAE traded down $0.08 during midday trading on Thursday, reaching $23.45. 426,803 shares of the company traded hands, compared to its average volume of 587,843. The firm's fifty day moving average price is $20.55 and its two-hundred day moving average price is $18.99. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of -30.45, a price-to-earnings-growth ratio of 1.72 and a beta of 1.74. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $24.02.

About CAE

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.