Intact Investment Management Inc. Has $20.17 Million Holdings in CAE Inc (NYSE:CAE)

Intact Investment Management Inc. raised its holdings in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 51.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 820,290 shares of the aerospace company's stock after acquiring an additional 278,210 shares during the quarter. Intact Investment Management Inc. owned about 0.26% of CAE worth $20,170,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CAE. Natixis acquired a new position in CAE in the fourth quarter valued at about $38,000. Versant Capital Management Inc acquired a new stake in shares of CAE in the 1st quarter valued at approximately $53,000. UniSuper Management Pty Ltd bought a new position in CAE during the 4th quarter worth approximately $147,000. Allworth Financial LP grew its holdings in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after purchasing an additional 913 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of CAE during the fourth quarter worth $213,000. Institutional investors and hedge funds own 67.36% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CAE shares. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. CIBC restated a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Finally, Royal Bank Of Canada downgraded CAE from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $41.00 to $38.00 in a report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.33.

CAE Stock Performance

CAE stock traded up $0.16 during midday trading on Tuesday, reaching $26.43. 420,224 shares of the company's stock were exchanged, compared to its average volume of 540,762. The stock's 50-day simple moving average is $25.54 and its 200 day simple moving average is $24.60. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 2.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.58 and a current ratio of 0.80. CAE Inc has a 52 week low of $15.95 and a 52 week high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. On average, analysts expect that CAE Inc will post 0.83 earnings per share for the current fiscal 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.