TD Waterhouse Canada Inc. Has $4.34 Million Stock Position in CAE Inc. (NYSE:CAE)

TD Waterhouse Canada Inc. raised its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 41.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,830 shares of the aerospace company’s stock after purchasing an additional 50,311 shares during the period. TD Waterhouse Canada Inc.’s holdings in CAE were worth $4,337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CAE. Geode Capital Management LLC lifted its holdings in CAE by 8.2% in 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 buying an additional 103,081 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of CAE in the 3rd quarter valued at $453,000. Addenda Capital Inc. lifted its stake in shares of CAE by 0.5% in the 4th quarter. Addenda Capital Inc. now owns 398,803 shares of the aerospace company’s stock valued at $10,122,000 after purchasing an additional 2,110 shares during the period. Hantz Financial Services Inc. boosted its position in shares of CAE by 4.1% in the 4th quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company’s stock worth $2,419,000 after purchasing an additional 3,741 shares during the last quarter. Finally, Stanley Laman Group Ltd. increased its holdings in CAE by 3.2% in the fourth quarter. Stanley Laman Group Ltd. now owns 231,652 shares of the aerospace company’s stock valued at $5,879,000 after purchasing an additional 7,260 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Stock Performance

CAE opened at $23.48 on Wednesday. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of -45.15, a P/E/G ratio of 1.94 and a beta of 1.39. The business’s 50-day moving average price is $24.14 and its two-hundred day moving average price is $22.90. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Equities analysts expect that CAE Inc. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. The Goldman Sachs Group upped their price objective on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.00.

CAE 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.