Intact Investment Management Inc. Makes New Investment in CAE Inc. (NYSE:CAE)

Intact Investment Management Inc. bought a new stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 542,080 shares of the aerospace company's stock, valued at approximately $13,763,000. Intact Investment Management Inc. owned about 0.17% of CAE at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. National Bank of Canada FI lifted its holdings in CAE by 13.4% in the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock valued at $117,023,000 after buying an additional 736,895 shares during the period. Toronto Dominion Bank boosted its stake in CAE by 40.6% during the third 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in CAE in the third quarter worth $4,857,000. Raymond James Financial Inc. bought a new stake in CAE in the fourth quarter valued at $4,746,000. Finally, Intech Investment Management LLC acquired a new position in shares of CAE during the third quarter valued at about $2,432,000. 67.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAE has been the subject of several research reports. National Bank Financial downgraded CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Royal Bank of Canada reissued an "outperform" rating and issued a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th. Finally, TD Securities lowered shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $32.00.

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CAE Stock Down 0.9 %

CAE traded down $0.23 during mid-day trading on Tuesday, reaching $24.29. 322,616 shares of the stock were exchanged, compared to its average volume of 557,470. 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 company has a 50 day moving average price of $24.31 and a two-hundred day moving average price of $21.88. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. The stock has a market capitalization of $7.78 billion, a PE ratio of -46.71, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping 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%. As a group, research analysts anticipate that CAE Inc. will post 0.83 EPS for the current year.

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.