Principal Financial Group Inc. Lowers Stock Position in CAE Inc. (NYSE:CAE)

Principal Financial Group Inc. lessened its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,800 shares of the aerospace company’s stock after selling 1,300 shares during the quarter. Principal Financial Group Inc.’s holdings in CAE were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAE. Ridgewood Investments LLC purchased a new stake in CAE in the 2nd quarter worth $33,000. Cromwell Holdings LLC grew its position in shares of CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 915 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of CAE during the first quarter worth about $77,000. UniSuper Management Pty Ltd raised its position in shares of CAE by 104.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of CAE by 26.1% during the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 1,327 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE Stock Performance

NYSE CAE opened at $22.90 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The stock’s fifty day moving average is $19.08 and its two-hundred day moving average is $18.65. The firm has a market capitalization of $7.30 billion, a P/E ratio of -29.74, a price-to-earnings-growth ratio of 1.71 and a beta of 1.67. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $23.46.

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, 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.