Ontario Teachers Pension Plan Board Acquires New Holdings in CAE Inc. (NYSE:CAE)

Ontario Teachers Pension Plan Board acquired a new stake in CAE Inc. (NYSE:CAE) (TSE:CAE) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 67,770 shares of the aerospace company’s stock, valued at approximately $1,272,000.

A number of other institutional investors have also made changes to their positions in CAE. Canada Pension Plan Investment Board grew its holdings in CAE by 9.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock valued at $19,188,000 after buying an additional 89,800 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in CAE by 20.1% in the 2nd quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock valued at $3,906,000 after buying an additional 35,222 shares during the last quarter. Clearline Capital LP acquired a new stake in CAE in the 2nd quarter valued at approximately $2,290,000. Jane Street Group LLC grew its holdings in CAE by 97.2% in the 1st quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock valued at $6,299,000 after buying an additional 150,429 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in CAE by 3.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after buying an additional 32,328 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Stock Up 0.9 %

Shares of CAE stock opened at $22.68 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $22.83. The business has a fifty day simple moving average of $18.88 and a 200 day simple moving average of $18.64. The stock has a market cap of $7.23 billion, a PE ratio of -29.45, a price-to-earnings-growth ratio of 1.61 and a beta of 1.67.

Wall Street Analysts Forecast Growth

CAE has been the topic of several recent research reports. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.