Fmr LLC cut its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,662,830 shares of the aerospace company’s stock after selling 30,070 shares during the period. Fmr LLC owned about 1.36% of CAE worth $63,156,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in CAE. Comerica Bank grew its position in CAE by 1.3% during the first quarter. Comerica Bank now owns 15,399 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 203 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in CAE by 44.4% during the first quarter. Parametric Portfolio Associates LLC now owns 285,738 shares of the aerospace company’s stock valued at $4,369,000 after purchasing an additional 87,821 shares in the last quarter. JPMorgan Chase & Co. grew its position in CAE by 61.7% during the first quarter. JPMorgan Chase & Co. now owns 817,035 shares of the aerospace company’s stock valued at $12,492,000 after purchasing an additional 311,826 shares in the last quarter. Schroder Investment Management Group bought a new stake in CAE in the first quarter worth approximately $285,000. Finally, Wellington Management Group LLP bought a new stake in CAE in the first quarter worth approximately $346,000. 53.43% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on CAE shares. BidaskClub raised shares of CAE from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, August 1st. Finally, BMO Capital Markets raised shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Wednesday, August 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.67.
Shares of CAE Inc (NYSE:CAE) opened at 17.79 on Friday. The company has a market capitalization of $4.79 billion, a P/E ratio of 23.53 and a beta of 0.87. CAE Inc has a 52-week low of $13.75 and a 52-week high of $17.88. The firm has a 50-day moving average of $16.86 and a 200 day moving average of $16.45.
CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Thursday, August 10th. The aerospace company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). CAE had a return on equity of 13.24% and a net margin of 8.96%. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $699.76 million. During the same period in the prior year, the business earned $0.26 earnings per share. CAE’s revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that CAE Inc will post $0.86 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.071 dividend. The ex-dividend date was Thursday, September 14th. This is a boost from CAE’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. CAE’s dividend payout ratio (DPR) is currently 41.43%.
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CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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