CAE Inc. (NYSE:CAE) Shares Acquired by AMF Tjanstepension AB

AMF Tjanstepension AB increased its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 110.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 619,950 shares of the aerospace company’s stock after acquiring an additional 325,774 shares during the quarter. AMF Tjanstepension AB owned approximately 0.19% of CAE worth $11,512,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its stake in CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after buying an additional 707 shares during the period. Hillsdale Investment Management Inc. increased its stake in CAE by 45.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after buying an additional 500 shares during the period. Spire Wealth Management increased its stake in CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after buying an additional 697 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after buying an additional 1,100 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in CAE by 3,712.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock valued at $60,000 after buying an additional 2,710 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CAE shares. Desjardins cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Canaccord Genuity Group restated a “hold” rating on shares of CAE in a research report on Wednesday, May 22nd. The Goldman Sachs Group boosted their target price on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Canaccord Genuity Group lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Finally, Royal Bank of Canada lowered shares of CAE from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.00.

CAE Trading Down 0.5 %

CAE traded down $0.08 on Wednesday, reaching $16.57. 562,041 shares of the company’s stock were exchanged, compared to its average volume of 587,097. The company’s 50 day moving average is $18.45 and its 200-day moving average is $19.31. The company has a market cap of $5.29 billion, a price-to-earnings ratio of -23.01, a PEG ratio of 1.25 and a beta of 1.67. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $25.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.85.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Monday, May 27th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.16). The firm had revenue of $835.47 million during the quarter, compared to analyst estimates of $863.18 million. CAE had a negative net margin of 6.97% and a positive return on equity of 6.10%. During the same period last year, the business earned $0.26 EPS. Equities analysts predict that CAE Inc. will post 0.86 earnings per share for the current year.

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