Intech Investment Management LLC Purchases 94,200 Shares of 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 stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 108.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,771 shares of the aerospace company's stock after buying an additional 94,200 shares during the period. Intech Investment Management LLC owned 0.06% of CAE worth $4,444,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CAE. Versant Capital Management Inc acquired a new position in shares of CAE during the first quarter worth $53,000. State of Wyoming lifted its holdings in shares of CAE by 39.4% during the first quarter. State of Wyoming now owns 8,431 shares of the aerospace company's stock worth $207,000 after purchasing an additional 2,385 shares during the period. Clarius Group LLC acquired a new position in CAE in the first quarter valued at $246,000. Neuberger Berman Group LLC acquired a new position in CAE in the first quarter valued at $263,000. Finally, United Services Automobile Association lifted its holdings in CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock valued at $265,000 after buying an additional 462 shares during the period. Institutional investors and hedge funds own 67.36% of the company's stock.

Analysts Set New Price Targets

CAE has been the topic of several recent analyst reports. Scotiabank restated an "outperform" rating on shares of CAE in a report on Thursday, August 14th. TD Securities upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Wall Street Zen lowered shares of CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, The Goldman Sachs Group assumed coverage on shares of CAE in a report on Monday, June 30th. They issued a "buy" rating and a $33.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

CAE Stock Up 1.1%

CAE stock traded up $0.30 during trading on Monday, reaching $26.73. The stock had a trading volume of 492,567 shares, compared to its average volume of 507,539. CAE Inc has a one year low of $17.48 and a one year high of $30.13. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The company's 50 day moving average is $28.01 and its two-hundred day moving average is $26.20. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 2.34 and a beta of 1.36.

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

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.