Sumitomo Mitsui Trust Holdings Inc. Sells 25,114 Shares of Cae Inc (CAE)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 879,679 shares of the aerospace company’s stock after selling 25,114 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in CAE were worth $17,826,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC raised its position in CAE by 51.8% in the 2nd quarter. Acadian Asset Management LLC now owns 218,747 shares of the aerospace company’s stock valued at $4,540,000 after buying an additional 74,600 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of CAE by 62.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 166,364 shares of the aerospace company’s stock valued at $3,455,000 after purchasing an additional 63,722 shares during the last quarter. TD Asset Management Inc. increased its position in shares of CAE by 1.5% during the 2nd quarter. TD Asset Management Inc. now owns 7,545,977 shares of the aerospace company’s stock valued at $156,661,000 after purchasing an additional 109,294 shares during the last quarter. Fiera Capital Corp increased its position in shares of CAE by 1,938.1% during the 2nd quarter. Fiera Capital Corp now owns 4,544,364 shares of the aerospace company’s stock valued at $94,414,000 after purchasing an additional 4,321,396 shares during the last quarter. Finally, Global Financial Private Capital LLC purchased a new stake in shares of CAE during the 2nd quarter valued at $371,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Shares of CAE stock opened at $20.13 on Monday. Cae Inc has a 1 year low of $16.84 and a 1 year high of $21.70. The firm has a market cap of $5.36 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.51.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Tuesday, November 13th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. CAE had a return on equity of 13.36% and a net margin of 11.83%. The firm had revenue of $743.80 million during the quarter, compared to analyst estimates of $661.29 million. During the same period last year, the firm posted $0.22 EPS. The business’s revenue was up 20.3% compared to the same quarter last year. Equities analysts expect that Cae Inc will post 0.94 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.076 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.51%. CAE’s payout ratio is 35.63%.

Several brokerages have recently issued reports on CAE. ValuEngine raised CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Zacks Investment Research lowered CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Desjardins reaffirmed an “average” rating and set a $31.00 target price on shares of CAE in a research report on Monday, November 19th. TD Securities reaffirmed a “hold” rating on shares of CAE in a research report on Monday, November 12th. Finally, Macquarie raised CAE from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $28.00.

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CAE Company Profile

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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