Intact Investment Management Inc. Grows Position in CAE Inc (NYSE:CAE)

Intact Investment Management Inc. lifted its stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 51.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 820,290 shares of the aerospace company's stock after buying an additional 278,210 shares during the quarter. Intact Investment Management Inc. owned approximately 0.26% of CAE worth $20,170,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CAE. Allworth Financial LP lifted its holdings in shares of CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after buying an additional 913 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CAE by 25.6% in the fourth quarter. Principal Financial Group Inc. now owns 29,900 shares of the aerospace company's stock worth $759,000 after buying an additional 6,100 shares in the last quarter. Truist Financial Corp raised its stake in CAE by 2.5% during the fourth quarter. Truist Financial Corp now owns 63,059 shares of the aerospace company's stock valued at $1,600,000 after purchasing an additional 1,519 shares in the last quarter. Summerhill Capital Management lnc. raised its stake in CAE by 32.7% during the fourth quarter. Summerhill Capital Management lnc. now owns 252,202 shares of the aerospace company's stock valued at $6,398,000 after purchasing an additional 62,199 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in CAE by 9.9% during the fourth quarter. Bank of New York Mellon Corp now owns 295,414 shares of the aerospace company's stock valued at $7,498,000 after purchasing an additional 26,561 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. CIBC reaffirmed a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Jefferies Financial Group decreased their price target on shares of CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday, May 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, CAE has a consensus rating of "Moderate Buy" and an average price target of $32.33.

CAE Trading Down 1.3%

Shares of CAE opened at $26.21 on Friday. CAE Inc has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a market cap of $8.40 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.19 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62. The company's fifty day simple moving average is $25.42 and its 200-day simple moving average is $24.55.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. CAE had a net margin of 8.55% and a return on equity of 8.17%. The business had revenue of $886.20 million for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, analysts expect that CAE Inc will post 0.83 EPS for the current year.

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.

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