Stanley Laman Group Ltd. Purchases 7,260 Shares of CAE Inc. (NYSE:CAE)

Stanley Laman Group Ltd. lifted its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,652 shares of the aerospace company’s stock after buying an additional 7,260 shares during the quarter. CAE makes up 0.8% of Stanley Laman Group Ltd.’s holdings, making the stock its 24th largest holding. Stanley Laman Group Ltd.’s holdings in CAE were worth $5,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI grew its position in shares of 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 worth $117,023,000 after buying an additional 736,895 shares in the last quarter. Bank of Montreal Can grew its position in shares of CAE by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after buying an additional 77,489 shares in the last quarter. Nexus Investment Management ULC grew its position in shares of CAE by 2.8% during the 3rd quarter. Nexus Investment Management ULC now owns 1,486,990 shares of the aerospace company’s stock worth $27,950,000 after buying an additional 40,000 shares in the last quarter. Toronto Dominion Bank boosted its position in CAE by 40.6% during the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after purchasing an additional 412,906 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in CAE by 8.2% during the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after purchasing an additional 103,081 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

CAE has been the topic of a number of recent research reports. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. StockNews.com downgraded CAE from a “buy” rating to a “hold” rating in a research report on Tuesday. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, CAE has an average rating of “Hold” and an average target price of $25.00.

CAE Price Performance

Shares of NYSE CAE opened at $23.55 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The company has a market cap of $7.53 billion, a PE ratio of -30.58, a P/E/G ratio of 1.79 and a beta of 1.72. The business has a 50-day simple moving average of $23.98 and a two-hundred day simple moving average of $20.65. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $25.53.

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.