CAE Inc. (NYSE:CAE) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 14.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,325,875 shares of the aerospace company’s stock after acquiring an additional 165,022 shares during the quarter. New York State Common Retirement Fund’s holdings in CAE were worth $24,860,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CAE. Canada Pension Plan Investment Board boosted its holdings 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 valued at $19,188,000 after purchasing an additional 89,800 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in CAE by 20.1% in the 2nd quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock valued at $3,906,000 after purchasing an additional 35,222 shares during the last quarter. Henry James International Management Inc. raised its holdings in CAE by 16.0% in the 1st quarter. Henry James International Management Inc. now owns 210,400 shares of the aerospace company’s stock valued at $4,343,000 after acquiring an additional 28,991 shares during the last quarter. Clearline Capital LP acquired a new stake in CAE in the 2nd quarter worth about $2,290,000. Finally, Jane Street Group LLC grew its holdings in CAE by 97.2% in the 1st quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock valued at $6,299,000 after buying an additional 150,429 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. StockNews.com downgraded CAE from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.00.

CAE Stock Up 2.0 %

Shares of CAE stock opened at $17.95 on Monday. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $23.24. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. The business’s 50 day simple moving average is $18.22 and its 200-day simple moving average is $18.53. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of -23.62, a PEG ratio of 1.30 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that CAE Inc. will post 0.85 earnings per share for the current 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.