CAE Inc. (NYSE:CAE) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,699,830 shares of the aerospace company’s stock after selling 321,276 shares during the quarter. Russell Investments Group Ltd.’s holdings in CAE were worth $80,248,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of CAE in the third quarter worth $29,000. Allworth Financial LP increased its position in shares of CAE by 678.3% in the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,343 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of CAE by 85.5% in the third quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 935 shares in the last quarter. Pacifica Partners Inc. increased its position in shares of CAE by 24.6% in the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 793 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of CAE by 24.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,063 shares of the aerospace company’s stock worth $165,000 after acquiring an additional 1,409 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Up 1.5 %

CAE traded up $0.29 during trading hours on Friday, reaching $19.04. 507,823 shares of the stock traded hands, compared to its average volume of 534,532. The firm’s fifty day simple moving average is $19.51 and its two-hundred day simple moving average is $20.43. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.43 and a beta of 1.59. CAE Inc. has a fifty-two week low of $18.26 and a fifty-two week high of $25.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $804.01 million during the quarter, compared to analyst estimates of $807.13 million. CAE had a net margin of 6.20% and a return on equity of 7.52%. As a group, analysts forecast that CAE Inc. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CAE. The Goldman Sachs Group increased their price objective on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. Finally, Scotiabank lowered shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.75.

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.