Toronto Dominion Bank Has $18.91 Million Stock Position in CAE Inc. (NYSE:CAE)

Toronto Dominion Bank reduced its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 20.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,017,476 shares of the aerospace company’s stock after selling 260,431 shares during the period. Toronto Dominion Bank owned about 0.32% of CAE worth $18,905,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of CAE by 186.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,426 shares of the aerospace company’s stock worth $825,000 after purchasing an additional 28,934 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in CAE by 9.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after buying an additional 89,800 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of CAE during the 2nd quarter valued at $275,000. JARISLOWSKY FRASER Ltd grew its holdings in shares of CAE by 1.3% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 22,249,466 shares of the aerospace company’s stock valued at $413,168,000 after acquiring an additional 284,768 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of CAE in the second quarter worth $230,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Trading Up 3.2 %

Shares of CAE stock opened at $18.50 on Friday. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $23.62. The company has a market cap of $5.90 billion, a PE ratio of -25.69, a price-to-earnings-growth ratio of 1.31 and a beta of 1.67. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $17.67 and its two-hundred day moving average is $18.80.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. CAE’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS. Equities analysts predict that CAE Inc. will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CAE shares. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Jefferies Financial Group started coverage on shares of CAE in a research note on Thursday, June 6th. They set a “hold” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, CAE presently has a consensus rating of “Hold” and an average price target of $28.00.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.