Stanley Laman Group Ltd. Acquires 7,260 Shares of CAE Inc. (NYSE:CAE)

Stanley Laman Group Ltd. boosted its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,652 shares of the aerospace company’s stock after purchasing an additional 7,260 shares during the quarter. CAE makes up approximately 0.8% of Stanley Laman Group Ltd.’s holdings, making the stock its 24th biggest position. Stanley Laman Group Ltd. owned 0.07% of CAE worth $5,879,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its holdings in shares of CAE by 4.1% during the 4th quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company’s stock worth $2,419,000 after acquiring an additional 3,741 shares in the last quarter. Addenda Capital Inc. raised its holdings in shares of CAE by 0.5% during the 4th quarter. Addenda Capital Inc. now owns 398,803 shares of the aerospace company’s stock worth $10,122,000 after acquiring an additional 2,110 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of CAE during the 3rd quarter worth approximately $453,000. Toronto Dominion Bank raised its holdings in shares of CAE by 40.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after acquiring an additional 412,906 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of CAE by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after acquiring an additional 103,081 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

CAE stock opened at $23.55 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $23.98 and its two-hundred day simple moving average is $20.65. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $25.53. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of -30.58, a PEG ratio of 1.79 and a beta of 1.72.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CAE. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Finally, StockNews.com lowered CAE from a “buy” rating to a “hold” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

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.