Beutel Goodman & Co Ltd. Sells 1,282,082 Shares of CAE Inc. (NYSE:CAE)

Beutel Goodman & Co Ltd. decreased its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 9.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,092,573 shares of the aerospace company’s stock after selling 1,282,082 shares during the period. Beutel Goodman & Co Ltd.’s holdings in CAE were worth $306,896,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brandes Investment Partners LP lifted its position in shares of CAE by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock worth $378,459,000 after acquiring an additional 221,205 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of CAE by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock worth $310,134,000 after acquiring an additional 181,807 shares in the last quarter. National Bank of Canada FI boosted 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 valued at $117,023,000 after acquiring an additional 736,895 shares during the period. Norges Bank purchased a new position in shares of CAE in the fourth quarter worth $98,436,000. Finally, American Century Companies Inc. grew its position in shares of CAE by 23.5% in the 4th quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company’s stock worth $66,715,000 after buying an additional 500,702 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

CAE Trading Down 3.4 %

Shares of CAE stock opened at $24.46 on Friday. The company’s 50-day moving average price is $24.50 and its 200-day moving average price is $22.26. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of -47.03, a PEG 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 (EPS) for the quarter, topping 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 predict that CAE Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About CAE

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.