Insider Selling: CAE (TSE:CAE) Insider Sells 405 Shares of Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Samantha Golinski sold 405 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$14,332.95. Following the sale, the insider directly owned 6,679 shares of the company’s stock, valued at approximately C$236,369.81. The trade was a 5.72% decrease in their ownership of the stock.

Samantha Golinski also recently made the following trade(s):

• On Tuesday, June 9th, Samantha Golinski sold 316 shares of CAE stock. The shares were sold at an average price of C$35.39, for a total transaction of C$11,183.24.

CAE Stock Down 0.4%

Shares of CAE stock traded down C$0.14 during mid-day trading on Friday, hitting C$35.39. 372,276 shares of the stock traded hands, compared to its average volume of 961,847. The stock has a market cap of C$11.38 billion, a P/E ratio of 36.48, a P/E/G ratio of 1.76 and a beta of 0.59. 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 stock’s fifty day moving average is C$35.86 and its two-hundred day moving average is C$39.22. CAE Inc. has a 52-week low of C$31.42 and a 52-week high of C$47.65.

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

More 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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CAE shares. TD decreased their price objective on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research report on Monday, May 25th. Scotia decreased their price objective on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research report on Friday, May 22nd. BMO Capital Markets decreased their price objective on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. National Bank Financial cut their price target 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 increased their price target 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$48.91.

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.