Amundi Sells 54,776 Shares of CAE Inc. (NYSE:CAE)

Amundi trimmed its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 268,621 shares of the aerospace company’s stock after selling 54,776 shares during the quarter. Amundi owned approximately 0.08% of CAE worth $6,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CAE. Bank of Montreal Can boosted its position in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after purchasing an additional 77,489 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of CAE during the 3rd quarter valued at $2,432,000. Geode Capital Management LLC grew its position in shares of CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after buying an additional 103,081 shares during the period. Sanctuary Advisors LLC bought a new position in shares of CAE in the 3rd quarter worth about $453,000. Finally, Plato Investment Management Ltd purchased a new position in CAE during the 4th quarter valued at about $846,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Price Performance

Shares of NYSE:CAE opened at $24.33 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of -46.78, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The business has a 50-day simple moving average of $24.30 and a two-hundred day simple moving average of $21.80. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, analysts expect that CAE Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAE has been the topic of a number of recent research reports. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price objective on shares of CAE in a research report on Wednesday. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their price target on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.00.

CAE 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.