Swiss National Bank Sells 37,500 Shares of CAE Inc. (NYSE:CAE)

Swiss National Bank lowered its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925,200 shares of the aerospace company’s stock after selling 37,500 shares during the quarter. Swiss National Bank owned about 0.29% of CAE worth $23,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CAE. National Bank of Canada FI boosted its holdings in shares of CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock valued at $117,023,000 after buying an additional 736,895 shares in the last quarter. Toronto Dominion Bank boosted its stake in CAE by 40.6% in the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after acquiring an additional 412,906 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of CAE in the 3rd quarter worth $4,857,000. Raymond James Financial Inc. acquired a new stake in shares of CAE in the 4th quarter worth $4,746,000. Finally, Intech Investment Management LLC acquired a new stake in shares of CAE in the 3rd quarter worth $2,432,000. Institutional investors own 67.36% of the company’s stock.

CAE Price Performance

NYSE:CAE opened at $24.54 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company has a 50 day moving average price of $24.31 and a 200-day moving average price of $21.88. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62. The firm 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 (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating 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%. Equities research analysts forecast that CAE Inc. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

CAE has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.00.

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, 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.