Insider Selling: CAE (TSE:CAE) Insider Sells 1,408 Shares of Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Andrew Arnovitz sold 1,408 shares of the business’s stock in a transaction on 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 transaction, the insider directly owned 5,691 shares in the company, valued at approximately C$201,404.49. The trade was 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 transaction of C$38,858.22.

CAE Trading Down 0.2%

CAE stock traded down C$0.08 during mid-day trading on Friday, reaching C$35.45. 345,476 shares of the company traded hands, compared to its average volume of 961,699. CAE Inc. has a 52-week low of C$31.42 and a 52-week high of C$47.65. The firm’s 50 day moving average price is C$35.86 and its 200 day moving average price is C$39.22. The company has a debt-to-equity ratio of 60.97, a current ratio of 0.96 and a quick ratio of 0.71. The firm has a market capitalization of C$11.40 billion, a price-to-earnings ratio of 36.55, a P/E/G ratio of 1.76 and a beta of 0.59.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CAE shares. Stifel Nicolaus reduced their target price on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. National Bank Financial reduced their target price on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Monday, May 25th. Royal Bank Of Canada cut their price target on CAE from C$42.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. Desjardins cut their price target on CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, TD cut their price target on CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research note on Monday, May 25th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, CAE has an average rating of “Buy” and a consensus target price of C$48.91.

Key Stories Impacting CAE

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

CAE Company Profile

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.