Amundi Sells 54,776 Shares of CAE Inc. (NYSE:CAE)

Amundi lowered its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 16.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 268,621 shares of the aerospace company's stock after selling 54,776 shares during the quarter. Amundi owned 0.08% of CAE worth $6,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI raised its stake in shares of CAE by 13.4% during the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock worth $117,023,000 after purchasing an additional 736,895 shares during the period. Toronto Dominion Bank grew its holdings in CAE by 40.6% during the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock valued at $26,820,000 after purchasing an additional 412,906 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of CAE in the third quarter valued at $4,857,000. Raymond James Financial Inc. purchased a new position in shares of CAE during the 4th quarter valued at $4,746,000. Finally, Intech Investment Management LLC purchased a new stake in CAE in the 3rd quarter worth about $2,432,000. 67.36% of the stock is owned by institutional investors.

CAE Price Performance

NYSE:CAE traded up $0.23 during trading hours on Wednesday, hitting $24.54. 222,546 shares of the company's stock traded hands, compared to its average volume of 550,062. The firm has a market cap of $7.86 billion, a P/E ratio of -47.19, a P/E/G ratio of 1.94 and a beta of 1.74. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The business's fifty day simple moving average is $24.32 and its two-hundred day simple moving average is $21.92. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62.

Remove Ads

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate 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, research analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CAE shares. Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. The Goldman Sachs Group raised their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. National Bank Financial lowered CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Finally, Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $32.00.

CAE 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.