Cae Inc (NYSE:CAE) Shares Sold by FIL Ltd

FIL Ltd reduced its position in Cae Inc (NYSE:CAE) (TSE:CAE) by 2.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,949,044 shares of the aerospace company’s stock after selling 41,507 shares during the period. FIL Ltd owned about 0.73% of CAE worth $43,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board grew its position in shares of CAE by 8.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 87,914 shares of the aerospace company’s stock valued at $1,948,000 after purchasing an additional 7,149 shares during the period. AJO LP acquired a new position in CAE in the first quarter valued at $1,736,000. Bluestein R H & Co. acquired a new position in CAE in the first quarter valued at $210,000. Zions Bancorporation N.A. acquired a new position in CAE in the first quarter valued at $28,000. Finally, Swiss National Bank boosted its holdings in CAE by 0.3% in the first quarter. Swiss National Bank now owns 932,500 shares of the aerospace company’s stock valued at $20,668,000 after acquiring an additional 2,600 shares during the last quarter. 47.13% of the stock is owned by hedge funds and other institutional investors.

CAE has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 target price on shares of CAE in a report on Tuesday, April 30th. Zacks Investment Research upgraded CAE from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Desjardins cut CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. CIBC reiterated a “hold” rating and issued a $37.00 target price on shares of CAE in a report on Wednesday, May 22nd. Finally, National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. CAE has a consensus rating of “Hold” and an average price target of $30.70.

Shares of CAE traded up $0.09 during midday trading on Monday, reaching $26.95. 136,281 shares of the company were exchanged, compared to its average volume of 174,650. The company’s 50-day moving average is $25.60. The stock has a market capitalization of $7.14 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 2.58 and a beta of 0.79. Cae Inc has a 1-year low of $16.96 and a 1-year high of $27.42. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.83 and a current ratio of 1.12.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Friday, May 17th. The aerospace company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $945.05 million. CAE had a return on equity of 14.22% and a net margin of 9.98%. The firm’s quarterly revenue was up 41.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Analysts anticipate that Cae Inc will post 1.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.0742 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, June 13th. CAE’s payout ratio is 31.58%.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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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