Toronto Dominion Bank Acquires 167,994 Shares of CAE Inc. (NYSE:CAE)

Toronto Dominion Bank increased its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 15.1% during the first quarter, HoldingsChannel reports. The fund owned 1,277,907 shares of the aerospace company’s stock after acquiring an additional 167,994 shares during the quarter. Toronto Dominion Bank’s holdings in CAE were worth $26,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of CAE by 17.2% during the third quarter. Wellington Management Group LLP now owns 130,354 shares of the aerospace company’s stock valued at $3,057,000 after buying an additional 19,156 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of CAE by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,606,797 shares of the aerospace company’s stock worth $247,669,000 after acquiring an additional 152,778 shares during the period. Pinnacle Associates Ltd. lifted its position in shares of CAE by 1.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $18,882,000 after acquiring an additional 9,768 shares during the period. Addenda Capital Inc. grew its holdings in shares of CAE by 0.3% during the 4th quarter. Addenda Capital Inc. now owns 328,565 shares of the aerospace company’s stock worth $7,094,000 after purchasing an additional 1,041 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of CAE by 2.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 31,621 shares of the aerospace company’s stock valued at $678,000 after purchasing an additional 790 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAE has been the subject of several research reports. Jefferies Financial Group initiated coverage on CAE in a research report on Thursday, June 6th. They issued a “hold” rating and a $21.00 target price for the company. Canaccord Genuity Group reaffirmed a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. Royal Bank of Canada cut shares of CAE from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. The Goldman Sachs Group raised their price target on CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Canaccord Genuity Group downgraded CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, CAE presently has a consensus rating of “Hold” and an average target price of $32.00.

CAE Trading Up 0.1 %

CAE stock traded up $0.02 during midday trading on Friday, hitting $17.67. 508,076 shares of the company’s stock were exchanged, compared to its average volume of 468,174. CAE Inc. has a one year low of $17.40 and a one year 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. The stock’s fifty day moving average price is $18.70 and its 200-day moving average price is $19.51.

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