Clearbridge Investments LLC Has $79.52 Million Stock Position in CAE Inc. (NYSE:CAE)

Clearbridge Investments LLC reduced its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,133,171 shares of the aerospace company’s stock after selling 20,960 shares during the period. Clearbridge Investments LLC owned about 0.98% of CAE worth $79,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after purchasing an additional 103,081 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of CAE in the third quarter worth about $453,000. Plato Investment Management Ltd acquired a new stake in shares of CAE in the fourth quarter worth about $846,000. Intact Investment Management Inc. acquired a new position in shares of CAE during the 4th quarter valued at about $13,763,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of CAE by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 828,851 shares of the aerospace company’s stock valued at $21,036,000 after acquiring an additional 7,215 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. Finally, StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.00.

CAE Trading Up 0.4 %

CAE stock opened at $24.60 on Tuesday. The business’s 50 day moving average is $24.51 and its 200-day moving average is $22.37. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The firm has a market cap of $7.88 billion, a P/E ratio of -47.30, a P/E/G ratio of 1.94 and a beta of 1.74. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS 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 analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

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.