Intech Investment Management LLC Reduces Holdings in CAE Inc $CAE

Intech Investment Management LLC lowered its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 15.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 166,552 shares of the aerospace company’s stock after selling 30,632 shares during the period. Intech Investment Management LLC’s holdings in CAE were worth $4,933,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CAE. Employees Retirement System of Texas bought a new position in CAE during the 2nd quarter valued at about $80,000. Bessemer Group Inc. boosted its position in shares of CAE by 360.9% during the second quarter. Bessemer Group Inc. now owns 4,402 shares of the aerospace company’s stock valued at $129,000 after buying an additional 3,447 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in shares of CAE during the second quarter valued at approximately $236,000. PNC Financial Services Group Inc. raised its holdings in shares of CAE by 11.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock worth $249,000 after buying an additional 851 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of CAE in the second quarter worth approximately $265,000. Institutional investors own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CAE shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of CAE in a research report on Sunday, February 15th. Weiss Ratings lowered shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. TD Securities reaffirmed a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Scotiabank reiterated an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada dropped their target price on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

CAE Trading Up 0.3%

NYSE:CAE opened at $29.67 on Friday. The firm has a 50-day simple moving average of $31.60 and a 200-day simple moving average of $28.96. CAE Inc has a one year low of $20.36 and a one year high of $34.24. The firm has a market cap of $9.55 billion, a P/E ratio of 35.75, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $911.78 million for the quarter, compared to the consensus estimate of $922.62 million. CAE had a net margin of 7.70% and a return on equity of 7.75%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. Equities 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.