Intech Investment Management LLC Trims Stock Holdings in CAE Inc. (NYSE:CAE)

Intech Investment Management LLC reduced its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 33.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 86,571 shares of the aerospace company's stock after selling 42,816 shares during the period. Intech Investment Management LLC's holdings in CAE were worth $2,197,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CAE. Brandes Investment Partners LP grew its position in shares of CAE by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company's stock valued at $378,459,000 after purchasing an additional 221,205 shares during the period. National Bank of Canada FI grew its holdings in 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 buying an additional 736,895 shares during the period. Bank of Montreal Can increased 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 valued at $93,446,000 after acquiring an additional 77,489 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of CAE by 40.6% during 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. Finally, Geode Capital Management LLC boosted its position in shares of CAE by 8.2% in the third 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 last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

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CAE Stock Up 0.9 %

Shares of CAE stock traded up $0.22 during trading hours on Tuesday, reaching $25.54. The company had a trading volume of 319,045 shares, compared to its average volume of 554,222. The stock's fifty day simple moving average is $24.41 and its 200 day simple moving average is $22.12. The company has a market capitalization of $8.18 billion, a P/E ratio of -49.12, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. National Bank Financial downgraded CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 target price on shares of CAE in a report on Wednesday, March 12th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.