Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in CAE Inc. (NYSE:CAE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 28.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,297 shares of the aerospace company's stock after buying an additional 15,763 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in CAE were worth $1,809,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Asset Planning Inc purchased a new position in shares of CAE during the fourth quarter worth about $30,000. Allworth Financial LP boosted its stake in shares of CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after buying an additional 913 shares during the period. Centiva Capital LP acquired a new stake in shares of CAE during the third quarter worth about $197,000. US Bancorp DE boosted its stake in shares of CAE by 10.4% during the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company's stock worth $226,000 after buying an additional 835 shares during the period. Finally, Benjamin Edwards Inc. acquired a new stake in shares of CAE during the third quarter worth about $249,000. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CAE. TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Desjardins upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Finally, National Bank Financial downgraded shares of CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $32.00.

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CAE Price Performance

Shares of CAE traded down $0.08 during mid-day trading on Friday, reaching $24.53. 253,066 shares of the company's stock were exchanged, compared to its average volume of 554,499. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The company has a 50-day simple moving average of $24.36 and a two-hundred day simple moving average of $21.96. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a market cap of $7.86 billion, a price-to-earnings ratio of -47.18, 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 for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, sell-side analysts predict that CAE Inc. will post 0.83 EPS for the current fiscal year.

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.