Intech Investment Management LLC Sells 42,816 Shares of CAE Inc. (NYSE:CAE)

Intech Investment Management LLC lessened its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 33.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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.

A number of other hedge funds have also bought and sold shares of CAE. Brandes Investment Partners LP raised its holdings in shares of CAE by 1.5% during 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 raised its holdings in shares of CAE by 13.4% during 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 purchasing an additional 736,895 shares during the period. Bank of Montreal Can raised its holdings in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after purchasing an additional 77,489 shares during the period. Toronto Dominion Bank raised its holdings in shares of 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. Finally, Geode Capital Management LLC raised its holdings in shares of CAE by 8.2% during the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after purchasing an additional 103,081 shares during the period. Institutional investors own 67.36% of the company’s stock.

CAE Trading Up 0.2 %

Shares of CAE stock opened at $24.61 on Friday. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. 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 simple moving average of $24.36 and a two-hundred day simple moving average of $21.96. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of -47.32, a PEG ratio of 1.94 and a beta of 1.74.

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

Analyst Upgrades and Downgrades

CAE has been the subject of several recent research reports. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted their target price on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.00.

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.