Intact Investment Management Inc. Has $34.68 Million Stock Holdings in CAE Inc $CAE

Intact Investment Management Inc. raised its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 48.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,171,125 shares of the aerospace company’s stock after purchasing an additional 380,725 shares during the period. CAE accounts for 1.0% of Intact Investment Management Inc.’s holdings, making the stock its 27th biggest holding. Intact Investment Management Inc. owned 0.37% of CAE worth $34,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAE. Brandes Investment Partners LP grew its stake in shares of CAE by 4.4% in the 2nd quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock valued at $433,287,000 after buying an additional 628,848 shares during the period. Select Equity Group L.P. boosted its holdings in CAE by 0.6% in the second quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock worth $231,350,000 after acquiring an additional 45,754 shares in the last quarter. Norges Bank acquired a new stake in CAE in the second quarter valued at approximately $118,239,000. Bank of Nova Scotia increased its holdings in shares of CAE by 23.4% during the second quarter. Bank of Nova Scotia now owns 2,331,094 shares of the aerospace company’s stock valued at $68,299,000 after acquiring an additional 442,467 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of CAE by 15.1% during the second quarter. Geode Capital Management LLC now owns 2,304,550 shares of the aerospace company’s stock worth $67,030,000 after purchasing an additional 303,196 shares during the period. Institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CAE shares. Royal Bank Of Canada decreased their price target on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. TD Securities reissued a “buy” rating on shares of CAE in a research report on Monday, January 12th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CAE in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

CAE Stock Down 0.5%

CAE stock opened at $33.19 on Monday. CAE Inc has a fifty-two week low of $20.36 and a fifty-two week high of $34.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.83. The firm’s 50-day simple moving average is $29.81 and its 200 day simple moving average is $28.60. The stock has a market cap of $10.68 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. CAE had a net margin of 8.98% and a return on equity of 7.60%. The firm had revenue of $897.99 million during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Research analysts predict 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.