Charles Schwab Investment Management Inc. Buys 7,215 Shares of CAE Inc. (NYSE:CAE)

Charles Schwab Investment Management Inc. increased its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 828,851 shares of the aerospace company’s stock after acquiring an additional 7,215 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.26% of CAE worth $21,036,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CAE. Oppenheimer Asset Management Inc. increased its stake in shares of CAE by 26.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,074 shares of the aerospace company’s stock valued at $395,000 after acquiring an additional 4,370 shares in the last quarter. Swiss National Bank increased its stake in CAE by 0.8% during the 3rd quarter. Swiss National Bank now owns 962,700 shares of the aerospace company’s stock valued at $18,102,000 after purchasing an additional 7,600 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in CAE during the 3rd quarter valued at $1,272,000. Intech Investment Management LLC bought a new stake in CAE during the 3rd quarter valued at $2,432,000. Finally, Bank of Montreal Can increased its stake in CAE by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after purchasing an additional 77,489 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Price Performance

Shares of NYSE:CAE opened at $24.54 on Thursday. The company’s 50-day moving average is $24.34 and its 200 day moving average is $21.94. 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 company has a market capitalization of $7.86 billion, a P/E ratio of -47.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, equities research analysts forecast that CAE Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CAE. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $43.00 price target on shares of CAE in a research note on Wednesday, March 12th. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. The Goldman Sachs Group lifted their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.00.

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, 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.