Massachusetts Financial Services Co. MA Lowers Position in CAE Inc. (NYSE:CAE)

Massachusetts Financial Services Co. MA cut its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,302,047 shares of the aerospace company’s stock after selling 52,560 shares during the period. Massachusetts Financial Services Co. MA owned about 0.41% of CAE worth $24,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. JARISLOWSKY FRASER Ltd lifted its position in CAE by 28.5% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company’s stock valued at $375,982,000 after purchasing an additional 3,843,611 shares in the last quarter. Vanguard Group Inc. raised its holdings in CAE by 1.2% during the first quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock valued at $223,593,000 after acquiring an additional 127,504 shares during the period. National Bank of Canada FI raised its holdings in CAE by 36.4% during the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock valued at $101,559,000 after acquiring an additional 1,466,880 shares during the period. Public Sector Pension Investment Board raised its holdings in CAE by 14.5% during the fourth quarter. Public Sector Pension Investment Board now owns 3,932,914 shares of the aerospace company’s stock valued at $85,304,000 after acquiring an additional 496,640 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in CAE by 17.1% during the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock valued at $76,575,000 after acquiring an additional 541,066 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Price Performance

NYSE:CAE opened at $17.84 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $5.69 billion, a P/E ratio of -24.78, a P/E/G ratio of 1.31 and a beta of 1.67. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $24.22. The business’s 50-day moving average is $17.75 and its 200 day moving average is $18.84.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. On average, equities research analysts forecast that CAE Inc. will post 0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CAE shares. Jefferies Financial Group started coverage on CAE in a report on Thursday, June 6th. They set a “hold” rating and a $21.00 price target on the stock. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Finally, Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, CAE currently has an average rating of “Hold” and a consensus price target of $28.00.

CAE Company 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.