Intech Investment Management LLC Sells 30,632 Shares of CAE Inc $CAE

Intech Investment Management LLC lessened its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 15.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 166,552 shares of the aerospace company’s stock after selling 30,632 shares during the period. Intech Investment Management LLC owned 0.05% of CAE worth $4,933,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CAE. Neuberger Berman Group LLC raised its stake in CAE by 382.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 51,521 shares of the aerospace company’s stock worth $1,507,000 after acquiring an additional 40,842 shares during the period. Brandes Investment Partners LP boosted its position in shares of CAE by 4.4% in the second quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock worth $433,287,000 after purchasing an additional 628,848 shares during the period. Cooper Creek Partners Management LLC purchased a new stake in shares of CAE in the second quarter worth $5,854,000. Arrowstreet Capital Limited Partnership raised its position in shares of CAE by 356.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company’s stock valued at $33,267,000 after purchasing an additional 886,951 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new position in shares of CAE during the 3rd quarter valued at $999,000. Institutional investors own 67.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CAE shares. Scotiabank reiterated an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. TD Securities reiterated a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Jefferies Financial Group reissued a “hold” rating on shares of CAE in a research note on Sunday, February 15th. Weiss Ratings cut CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Finally, Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

CAE Stock Up 0.3%

Shares of NYSE CAE opened at $29.67 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. CAE Inc has a 12-month low of $20.36 and a 12-month high of $34.24. The firm’s 50-day moving average price is $31.60 and its 200-day moving average price is $28.96. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 35.75, a P/E/G ratio of 3.48 and a beta of 1.11.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. CAE had a return on equity of 7.75% and a net margin of 7.70%.The company had revenue of $911.78 million for the quarter, compared to analysts’ expectations of $922.62 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts anticipate that CAE Inc will post 0.83 EPS for the current fiscal year.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.