CAE Inc. (NYSE:CAE) Stock Holdings Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 7.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,130,208 shares of the aerospace company’s stock after selling 89,195 shares during the period. JPMorgan Chase & Co.’s holdings in CAE were worth $21,191,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of CAE during the 3rd quarter worth $453,000. Toronto Dominion Bank boosted its position in shares of CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after purchasing an additional 412,906 shares during the period. Geode Capital Management LLC boosted its position in shares of CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after purchasing an additional 103,081 shares during the period. Public Employees Retirement System of Ohio purchased a new position in CAE in the 3rd quarter worth about $4,857,000. Finally, National Bank of Canada FI raised its holdings in 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 worth $117,023,000 after buying an additional 736,895 shares during the period. Institutional investors own 67.36% of the company’s stock.

CAE Stock Down 0.4 %

CAE opened at $23.63 on Thursday. The company has a market capitalization of $7.53 billion, a PE ratio of -30.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.72. The business has a 50-day moving average of $22.68 and a 200-day moving average of $19.74. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $25.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59.

Analysts Set New Price Targets

CAE has been the topic of several analyst reports. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Finally, Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, CAE has an average rating of “Hold” and a consensus price target of $25.00.

CAE 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.