CAE Inc. (NYSE:CAE) Stake Reduced by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. reduced its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,092,573 shares of the aerospace company’s stock after selling 1,282,082 shares during the quarter. Beutel Goodman & Co Ltd. owned 3.78% of CAE worth $306,896,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its position in shares of CAE by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock worth $1,717,000 after purchasing an additional 1,223 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in CAE by 130.4% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 102,350 shares of the aerospace company’s stock worth $1,921,000 after purchasing an additional 57,924 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of CAE in the 3rd quarter valued at approximately $249,000. Centiva Capital LP acquired a new stake in shares of CAE in the third quarter worth $197,000. Finally, Janus Henderson Group PLC boosted its holdings in CAE by 9.1% during the third quarter. Janus Henderson Group PLC now owns 57,283 shares of the aerospace company’s stock valued at $1,074,000 after acquiring an additional 4,800 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Down 3.4 %

CAE stock opened at $24.46 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The company’s 50-day moving average is $24.50 and its 200-day moving average is $22.26. The firm has a market capitalization of $7.83 billion, a PE ratio of -47.03, a P/E/G ratio of 1.94 and a beta of 1.74.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Sell-side analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price objective on shares of CAE in a research note on Wednesday, March 12th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.00.

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, 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.