Charles Schwab Investment Management Inc. Grows Position in CAE Inc. (NYSE:CAE)

Charles Schwab Investment Management Inc. raised its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 828,851 shares of the aerospace company’s stock after purchasing an additional 7,215 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CAE were worth $21,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CAE. National Bank of Canada FI lifted 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 valued at $117,023,000 after purchasing an additional 736,895 shares during the last quarter. Toronto Dominion Bank lifted its holdings in CAE by 40.6% during the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after purchasing an additional 412,906 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in CAE during the third quarter valued at about $4,857,000. Intech Investment Management LLC purchased a new stake in CAE during the third quarter valued at about $2,432,000. Finally, Geode Capital Management LLC lifted its holdings in CAE by 8.2% during the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after purchasing an additional 103,081 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Securities cut CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.00.

CAE Stock Up 0.9 %

CAE stock opened at $24.54 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $24.34 and its 200 day moving average is $21.94. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of -47.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Sell-side analysts predict that CAE Inc. will post 0.83 EPS for the current fiscal 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.