Claret Asset Management Corp Sells 3,524 Shares of CAE Inc. (NYSE:CAE)

Claret Asset Management Corp trimmed its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,261 shares of the aerospace company’s stock after selling 3,524 shares during the quarter. Claret Asset Management Corp’s holdings in CAE were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CAE. Asset Planning Inc acquired a new position in CAE during the 4th quarter valued at about $30,000. UniSuper Management Pty Ltd bought a new stake in shares of CAE during the fourth quarter worth approximately $147,000. Allworth Financial LP boosted its stake in CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after acquiring an additional 913 shares during the last quarter. First Trust Advisors LP acquired a new stake in CAE during the 4th quarter worth $213,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of CAE during the 4th quarter valued at $225,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Trading Up 0.4 %

Shares of NYSE:CAE opened at $23.43 on Friday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of -45.06, a PEG ratio of 1.94 and a beta of 1.39. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62. The company’s fifty day simple moving average is $24.15 and its 200 day simple moving average is $22.81.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on CAE. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $43.00 target price on shares of CAE in a report on Wednesday, March 12th. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CAE presently 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.