TD Asset Management Inc Has $43.90 Million Position in CAE Inc $CAE

TD Asset Management Inc lowered its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,482,279 shares of the aerospace company’s stock after selling 110,334 shares during the period. TD Asset Management Inc owned about 0.46% of CAE worth $43,902,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its holdings in CAE by 0.8% in the third quarter. Sequoia Financial Advisors LLC now owns 50,079 shares of the aerospace company’s stock valued at $1,484,000 after acquiring an additional 394 shares during the last quarter. United Services Automobile Association boosted its stake in shares of CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 462 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its position in shares of CAE by 0.8% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,684 shares of the aerospace company’s stock worth $1,768,000 after buying an additional 489 shares during the period. Russell Investments Group Ltd. raised its stake in CAE by 0.4% during the second quarter. Russell Investments Group Ltd. now owns 129,445 shares of the aerospace company’s stock worth $3,770,000 after buying an additional 522 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in CAE by 2.0% in the second quarter. Public Sector Pension Investment Board now owns 31,038 shares of the aerospace company’s stock valued at $908,000 after buying an additional 600 shares during the period. Institutional investors own 67.36% of the company’s stock.

CAE Stock Performance

Shares of CAE opened at $29.67 on Friday. The firm has a market capitalization of $9.55 billion, a P/E ratio of 35.75, a P/E/G ratio of 3.48 and a beta of 1.11. CAE Inc has a 52 week low of $20.36 and a 52 week high of $34.24. The stock has a 50 day moving average price of $31.60 and a two-hundred day moving average price of $28.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. CAE had a return on equity of 7.75% and a net margin of 7.70%.The company had revenue of $911.78 million for the quarter, compared to analyst estimates of $922.62 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts forecast that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Scotiabank reissued an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Royal Bank Of Canada cut their price target on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings downgraded shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of CAE in a research report on Sunday, February 15th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, CAE currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.