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

Principal Financial Group Inc. lessened its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 5.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,800 shares of the aerospace company’s stock after selling 1,300 shares during the period. Principal Financial Group Inc.’s holdings in CAE were worth $447,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Brandes Investment Partners LP lifted its holdings in CAE by 103.8% during the second quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock valued at $206,027,000 after purchasing an additional 5,640,269 shares during the last quarter. Earnest Partners LLC bought a new stake in shares of CAE in the second quarter valued at approximately $82,597,000. National Bank of Canada FI lifted its stake in shares of CAE by 13.4% during the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock valued at $117,023,000 after buying an additional 736,895 shares in the last quarter. American Century Companies Inc. grew its position in shares of CAE by 67.9% in the second quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock valued at $30,176,000 after purchasing an additional 657,227 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of 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 buying an additional 412,906 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Down 0.2 %

Shares of CAE stock opened at $24.33 on Monday. The company has a 50-day simple moving average of $22.39 and a two-hundred day simple moving average of $19.64. The stock has a market capitalization of $7.75 billion, a PE ratio of -31.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $25.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84.

Wall Street Analyst Weigh In

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

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.