Citadel Advisors LLC boosted its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 747.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 121,953 shares of the aerospace company’s stock after purchasing an additional 107,570 shares during the period. Citadel Advisors LLC’s holdings in CAE were worth $2,136,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. TD Asset Management Inc. grew its position in CAE by 2.0% during the 3rd quarter. TD Asset Management Inc. now owns 6,732,235 shares of the aerospace company’s stock worth $117,511,000 after purchasing an additional 134,343 shares during the last quarter. Vanguard Group Inc. grew its position in CAE by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock worth $101,740,000 after purchasing an additional 266,410 shares during the last quarter. CIBC World Markets Inc. grew its position in CAE by 23.5% during the 2nd quarter. CIBC World Markets Inc. now owns 2,143,727 shares of the aerospace company’s stock worth $36,958,000 after purchasing an additional 407,235 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in CAE by 25.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,161,800 shares of the aerospace company’s stock worth $20,008,000 after purchasing an additional 232,702 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of CAE by 36.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,117,105 shares of the aerospace company’s stock valued at $19,258,000 after acquiring an additional 300,070 shares during the last quarter. 52.41% of the stock is currently owned by institutional investors.
Several research firms have recently commented on CAE. ValuEngine downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, August 14th. BMO Capital Markets raised shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a report on Wednesday, August 30th. They noted that the move was a valuation call. AltaCorp Capital reaffirmed a “hold” rating and issued a $21.00 price objective on shares of CAE in a report on Sunday, November 12th. Finally, BidaskClub downgraded shares of CAE from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. CAE presently has an average rating of “Hold” and an average target price of $21.33.
Shares of CAE Inc (NYSE:CAE) opened at $17.83 on Tuesday. The company has a market cap of $4,791.91, a price-to-earnings ratio of 22.91, a PEG ratio of 2.13 and a beta of 0.86. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 0.55. CAE Inc has a twelve month low of $13.75 and a twelve month high of $18.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.0709 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 14th. CAE’s dividend payout ratio (DPR) is currently 38.67%.
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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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