Schechter Investment Advisors LLC Acquires 666 Shares of CAE Inc. (NYSE:CAE)

Schechter Investment Advisors LLC lifted its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,047 shares of the aerospace company’s stock after acquiring an additional 666 shares during the quarter. Schechter Investment Advisors LLC’s holdings in CAE were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAE. National Bank of Canada FI raised its holdings in shares of CAE by 13.4% during the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock valued at $117,023,000 after acquiring an additional 736,895 shares in the last quarter. Toronto Dominion Bank raised its holdings in CAE by 40.6% in the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after purchasing an additional 412,906 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in CAE in the third quarter worth $4,857,000. New York State Common Retirement Fund raised its holdings in CAE by 14.2% in the third quarter. New York State Common Retirement Fund now owns 1,325,875 shares of the aerospace company’s stock worth $24,860,000 after purchasing an additional 165,022 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in CAE in the third quarter worth $2,432,000. Institutional investors own 67.36% of the company’s stock.

CAE Trading Down 3.0 %

NYSE CAE opened at $23.56 on Tuesday. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62. The stock has a market cap of $7.53 billion, a P/E ratio of -45.31, a P/E/G ratio of 1.94 and a beta of 1.72. The stock’s fifty day moving average price is $24.42 and its 200-day moving average price is $21.41. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. As a group, equities analysts forecast that CAE Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. The Goldman Sachs Group increased their target price on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, TD Securities cut CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently 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.