Toronto Dominion Bank Buys 412,906 Shares of CAE Inc. (NYSE:CAE)

by · The Markets Daily

Toronto Dominion Bank increased its stake in CAE Inc. (NYSE:CAE – Free Report) (TSE:CAE) by 40.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,382 shares of the aerospace company’s stock after buying an additional 412,906 shares during the period. Toronto Dominion Bank owned 0.45% of CAE worth $26,820,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. JARISLOWSKY FRASER Ltd increased its stake in shares of CAE by 1.3% in the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 22,249,466 shares of the aerospace company’s stock worth $413,168,000 after acquiring an additional 284,768 shares in the last quarter. Brandes Investment Partners LP grew its holdings in CAE by 103.8% in the second quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock worth $206,027,000 after purchasing an additional 5,640,269 shares during the period. National Bank of Canada FI increased its stake in shares of CAE by 13.4% during the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock valued at $117,023,000 after purchasing an additional 736,895 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after purchasing an additional 77,489 shares during the last quarter. Finally, Earnest Partners LLC bought a new stake in shares of CAE in the 2nd quarter worth approximately $82,597,000. 67.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CAE. Morgan Stanley lowered CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.00.

View Our Latest Stock Analysis on CAE

CAE Trading Up 0.9 %

Shares of CAE stock opened at $23.53 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The company has a market cap of $7.50 billion, a price-to-earnings ratio of -30.56, a PEG ratio of 1.72 and a beta of 1.74. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $24.02. The firm has a fifty day moving average price of $20.44 and a 200-day moving average price of $18.95.

CAE Profile

(Free Report)

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.

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