TD Waterhouse Canada Inc. Has $4.34 Million Position in CAE Inc. (NYSE:CAE)

TD Waterhouse Canada Inc. increased its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 41.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 172,830 shares of the aerospace company’s stock after purchasing an additional 50,311 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.05% of CAE worth $4,337,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brandes Investment Partners LP boosted its position in shares of CAE by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock valued at $378,459,000 after acquiring an additional 221,205 shares during the period. Vanguard Group Inc. increased its holdings in shares of CAE by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock worth $310,134,000 after purchasing an additional 181,807 shares during the period. Norges Bank acquired a new position in shares of CAE during the fourth quarter valued at about $98,436,000. Invesco Ltd. lifted its stake in shares of CAE by 4.3% in the fourth quarter. Invesco Ltd. now owns 3,673,331 shares of the aerospace company’s stock valued at $93,229,000 after buying an additional 150,484 shares during the period. Finally, American Century Companies Inc. grew its position in CAE by 23.5% during the fourth quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company’s stock worth $66,715,000 after buying an additional 500,702 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Price Performance

Shares of CAE stock opened at $23.48 on Wednesday. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62. The stock has a market capitalization of $7.52 billion, a PE ratio of -45.15, a PEG ratio of 1.94 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The stock’s fifty day moving average is $24.14 and its 200-day moving average is $22.90.

CAE (NYSE:CAE) (TSE:CAE) last posted 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 negative net margin of 4.96% and a positive return on equity of 6.11%. Equities research analysts expect that CAE Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on CAE shares. National Bank Financial downgraded 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 report on Monday, January 6th. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. Finally, The Goldman Sachs Group raised their price target on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, CAE has an average rating of “Hold” and an average target price of $32.00.

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.