Artisan Partners Limited Partnership Has $122.15 Million Position in CAE Inc. (NYSE:CAE)

Artisan Partners Limited Partnership lessened its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,816,621 shares of the aerospace company’s stock after selling 1,344,655 shares during the period. Artisan Partners Limited Partnership owned 1.51% of CAE worth $122,147,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Schechter Investment Advisors LLC boosted its stake in CAE by 1.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock valued at $1,143,000 after purchasing an additional 666 shares during the period. IHT Wealth Management LLC boosted 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 acquiring an additional 802 shares during the period. US Bancorp DE grew its stake in shares of CAE by 10.4% in the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock worth $226,000 after acquiring an additional 835 shares during the last quarter. Allworth Financial LP increased its position in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after acquiring an additional 913 shares during the period. Finally, Asset Planning Inc acquired a new position in CAE during the 4th quarter valued at $30,000. Institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CAE shares. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group upped their price target on CAE from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Finally, TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, CAE has a consensus rating of “Hold” and a consensus price target of $32.00.

CAE Stock Performance

Shares of NYSE:CAE opened at $25.35 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The business’s fifty day moving average price is $24.50 and its two-hundred day moving average price is $22.22. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of -48.74, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74.

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

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.