CAE Inc. (NYSE:CAE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 5.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 23,800 shares of the aerospace company’s stock after selling 1,300 shares during the quarter. Principal Financial Group Inc.’s holdings in CAE were worth $447,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pembroke Management LTD lifted its holdings in CAE by 17.1% during the 3rd quarter. Pembroke Management LTD now owns 23,461 shares of the aerospace company’s stock worth $440,000 after buying an additional 3,420 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of CAE by 14.2% in the third quarter. New York State Common Retirement Fund now owns 1,325,875 shares of the aerospace company’s stock valued at $24,860,000 after acquiring an additional 165,022 shares in the last quarter. US Bancorp DE raised its stake in shares of CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after acquiring an additional 1,803 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in CAE by 3.8% in the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after purchasing an additional 32,328 shares during the period. Finally, Galibier Capital Management Ltd. grew its stake in CAE by 9.9% during the 3rd quarter. Galibier Capital Management Ltd. now owns 1,088,488 shares of the aerospace company’s stock worth $20,457,000 after purchasing an additional 97,876 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

Shares of CAE stock opened at $22.90 on Monday. 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 52 week low of $15.95 and a 52 week high of $23.46. The firm’s 50 day moving average is $19.08 and its two-hundred day moving average is $18.65. The firm has a market capitalization of $7.30 billion, a P/E ratio of -29.74, a P/E/G ratio of 1.71 and a beta of 1.67.

Analysts Set New Price Targets

A number of research firms have issued reports on CAE. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley cut shares of CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CAE has an average rating of “Hold” and a consensus target price 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.