CAE (TSE:CAE) Insider Andrew Arnovitz Sells 1,408 Shares

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Andrew Arnovitz sold 1,408 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$49,829.12. Following the sale, the insider directly owned 5,691 shares in the company, valued at C$201,404.49. This trade represents a 19.83% decrease in their ownership of the stock.

Andrew Arnovitz also recently made the following trade(s):

• On Tuesday, June 9th, Andrew Arnovitz sold 1,098 shares of CAE stock. The shares were sold at an average price of C$35.39, for a total value of C$38,858.22.

CAE Stock Down 0.2%

CAE traded down C$0.08 during trading on Friday, hitting C$35.45. 345,476 shares of the company’s stock traded hands, compared to its average volume of 961,699. The company’s 50 day simple moving average is C$35.86 and its two-hundred day simple moving average is C$39.22. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. CAE Inc. has a 12-month low of C$31.42 and a 12-month high of C$47.65. The stock has a market capitalization of C$11.40 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 1.76 and a beta of 0.59.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Thursday, May 21st. The company reported C$0.42 EPS for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.The business had revenue of C$1.33 billion for the quarter.

Analyst Ratings Changes

CAE has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Scotia dropped their price target on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 22nd. Royal Bank Of Canada dropped their price objective on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. National Bank Financial dropped their price objective on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Finally, Canaccord Genuity Group raised their price objective on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$48.91.

Key CAE News

Here are the key news stories impacting CAE this week:

• Negative Sentiment: Multiple CAE insiders, including Andrew Arnovitz, Phillip C. Copeland, Hélène Violaine Gagnon, Samantha Golinski, Pascal Grenier, Mark Hounsell and Alexandre Prevost, sold shares on June 9 at an average price of C$35.39, with several of the sales representing meaningful percentage reductions in their holdings. CAE insider sales report
• Neutral Sentiment: The reported sales were spread across several executives and totaled only modest cash values per transaction, so the market may view them as routine portfolio activity rather than a major shift in outlook. CAE insider sales report

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.