M&T Bank Corp Has $5.49 Million Stock Holdings in CAE Inc. (NYSE:CAE)

M&T Bank Corp grew its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,434 shares of the aerospace company’s stock after purchasing an additional 2,101 shares during the quarter. M&T Bank Corp owned about 0.07% of CAE worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Planning Inc acquired a new position in CAE during the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC acquired a new position in CAE during the 3rd quarter worth approximately $74,000. US Bancorp DE raised its stake in CAE by 28.9% during the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after buying an additional 1,803 shares during the period. Allworth Financial LP raised its stake in CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares during the period. Finally, Centiva Capital LP acquired a new position in CAE during the 3rd quarter worth approximately $197,000. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Up 2.9 %

Shares of NYSE:CAE opened at $25.16 on Friday. The stock’s 50-day moving average price is $24.38 and its 200-day moving average price is $21.50. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $27.62. The stock has a market capitalization of $8.04 billion, a P/E ratio of -48.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. On average, equities analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

CAE has been the topic of a number of research reports. Royal Bank of Canada upped their price target on CAE from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.00.

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.