Intech Investment Management LLC Boosts Holdings in CAE Inc $CAE

Key Points

• Intech Investment Management LLC significantly increased its stake in CAE Inc by 108.8%, owning 180,771 shares worth approximately $4.44 million as of the latest SEC filing.
• Several hedge funds also boosted their positions in CAE, with Select Equity Group L.P. raising its holdings by a remarkable 427.1%, now owning 6.74 million shares valued at around $171.09 million.
• CAE's shares currently have a consensus rating of "Moderate Buy" from analysts, with a price target of $33.67, although recent earnings showed a net margin of only 8.7%, falling short of revenue expectations.

Intech Investment Management LLC raised its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 108.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,771 shares of the aerospace company's stock after purchasing an additional 94,200 shares during the quarter. Intech Investment Management LLC owned 0.06% of CAE worth $4,444,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CAE. United Services Automobile Association raised its stake in CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after buying an additional 462 shares during the period. Cetera Investment Advisers raised its position in shares of CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after purchasing an additional 497 shares during the period. Dynasty Wealth Management LLC raised its holdings in CAE by 6.5% during the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company's stock worth $443,000 after buying an additional 1,099 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CAE by 2.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company's stock worth $1,803,000 after buying an additional 2,062 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in CAE during the first quarter worth $53,000. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Up 0.6%

Shares of CAE traded up $0.16 during trading hours on Thursday, hitting $27.05. The company had a trading volume of 69,821 shares, compared to its average volume of 565,377. The firm has a fifty day moving average price of $27.89 and a 200-day moving average price of $26.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 2.39 and a beta of 1.36. CAE Inc has a 52-week low of $17.58 and a 52-week high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. CAE had a return on equity of 7.92% and a net margin of 8.70%.The firm had revenue of $806.92 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, equities research analysts forecast that CAE Inc will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CAE shares. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Wall Street Zen downgraded CAE from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Royal Bank Of Canada reissued a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. TD Securities raised CAE from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $30.00 price target on shares of CAE in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, CAE currently has an average rating of "Moderate Buy" and an average target price of $33.67.

CAE Company 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.