Desjardins Global Asset Management Inc. Sells 1,730 Shares of CAE Inc. (NYSE:CAE)

Desjardins Global Asset Management Inc. decreased its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,737 shares of the aerospace company’s stock after selling 1,730 shares during the period. Desjardins Global Asset Management Inc.’s holdings in CAE were worth $146,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in CAE during the 3rd quarter valued at about $29,000. Allworth Financial LP lifted its position in CAE by 678.3% during the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,343 shares during the period. EverSource Wealth Advisors LLC lifted its position in CAE by 85.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock valued at $47,000 after acquiring an additional 935 shares during the period. Lazard Asset Management LLC purchased a new position in CAE during the 2nd quarter valued at about $55,000. Finally, Pacifica Partners Inc. lifted its position in CAE by 24.6% during the 4th quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock valued at $81,000 after acquiring an additional 793 shares during the period. Institutional investors own 67.36% of the company’s stock.

CAE Stock Up 0.4 %

Shares of CAE stock opened at $18.63 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 0.90. The stock has a market capitalization of $5.93 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. CAE Inc. has a 52-week low of $18.26 and a 52-week high of $25.04. The company has a 50-day simple moving average of $19.61 and a two-hundred day simple moving average of $20.58.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. CAE had a net margin of 6.20% and a return on equity of 7.52%. The business had revenue of $804.01 million during the quarter, compared to analysts’ expectations of $807.13 million. On average, analysts anticipate that CAE Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAE has been the subject of a number of recent research reports. Scotiabank cut shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, January 22nd. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group lifted their target price on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, CAE has a consensus rating of “Moderate Buy” and an average target price of $34.75.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.