Principal Financial Group Inc. Sells 1,300 Shares of CAE Inc. (NYSE:CAE)

Principal Financial Group Inc. trimmed its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other large investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC raised its position in shares of CAE by 3.7% in the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock valued at $425,000 after buying an additional 802 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of CAE by 2.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock valued at $632,000 after acquiring an additional 871 shares during the last quarter. Cromwell Holdings LLC lifted its stake in shares of CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of CAE by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock valued at $1,717,000 after buying an additional 1,223 shares during the period. Finally, Allworth Financial LP raised its holdings in CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after buying an additional 1,327 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Stock Performance

Shares of CAE stock opened at $24.33 on Monday. The business has a 50-day simple moving average of $22.39 and a 200 day simple moving average of $19.64. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of -31.60, a PEG ratio of 1.73 and a beta of 1.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE Inc. has a one year low of $15.95 and a one year high of $25.53.

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.