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

Desjardins Global Asset Management Inc. reduced its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 20.4% in the 4th quarter, according to the company in its most recent disclosure 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mackenzie Financial Corp increased its position in shares of CAE by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after acquiring an additional 2,083,595 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CAE by 1.5% during the third quarter. Vanguard Group Inc. now owns 10,606,797 shares of the aerospace company’s stock worth $247,669,000 after acquiring an additional 152,778 shares in the last quarter. Royal Bank of Canada increased its position in shares of CAE by 1.3% during the second quarter. Royal Bank of Canada now owns 10,034,952 shares of the aerospace company’s stock worth $224,583,000 after acquiring an additional 128,457 shares in the last quarter. FMR LLC increased its position in shares of CAE by 2.6% during the third quarter. FMR LLC now owns 9,004,271 shares of the aerospace company’s stock worth $210,216,000 after acquiring an additional 230,912 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of CAE by 11.3% during the first quarter. Invesco Ltd. now owns 8,255,696 shares of the aerospace company’s stock worth $215,308,000 after acquiring an additional 834,889 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Stock Up 0.4 %

CAE stock opened at $18.63 on Friday. CAE Inc. has a fifty-two week low of $18.26 and a fifty-two week high of $25.04. The stock has a market cap 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. The firm’s 50-day simple moving average is $19.61 and its 200 day simple moving average is $20.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 0.90.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, Scotiabank cut shares of CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.