542,080 Shares in CAE Inc. (NYSE:CAE) Bought by Intact Investment Management Inc.

Intact Investment Management Inc. bought a new position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 542,080 shares of the aerospace company’s stock, valued at approximately $13,763,000. Intact Investment Management Inc. owned approximately 0.17% of CAE at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. National Bank of Canada FI boosted its position in shares of CAE by 13.4% in 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 purchasing an additional 736,895 shares during the period. Bank of Montreal Can raised its stake 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. Toronto Dominion Bank grew its holdings in shares of CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after acquiring an additional 412,906 shares during the period. Geode Capital Management LLC grew its holdings in shares of CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after acquiring an additional 103,081 shares during the period. Finally, Swiss National Bank grew its holdings in shares of CAE by 0.8% in the 3rd quarter. Swiss National Bank now owns 962,700 shares of the aerospace company’s stock worth $18,102,000 after acquiring an additional 7,600 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CAE shares. The Goldman Sachs Group increased their target price on CAE from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Eight investment 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 stock currently has an average rating of “Hold” and a consensus target price of $32.00.

CAE Trading Down 0.6 %

NYSE CAE opened at $23.63 on Friday. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of -45.45, a PEG ratio of 1.94 and a beta of 1.74. The firm’s 50 day moving average price is $24.31 and its two-hundred day moving average price is $21.72.

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

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.