Citadel Advisors LLC Decreases Stake in Cae Inc (NYSE:CAE)

Citadel Advisors LLC cut its holdings in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 91.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,907 shares of the aerospace company’s stock after selling 111,046 shares during the period. Citadel Advisors LLC’s holdings in CAE were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CAE. USS Investment Management Ltd raised its position in shares of CAE by 46.9% in the 4th quarter. USS Investment Management Ltd now owns 4,010,230 shares of the aerospace company’s stock valued at $74,641,000 after acquiring an additional 1,279,612 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of CAE by 33.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,474,174 shares of the aerospace company’s stock valued at $45,920,000 after acquiring an additional 616,203 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of CAE in the 3rd quarter valued at approximately $9,828,000. AGF Investments Inc. raised its position in shares of CAE by 73.8% in the 4th quarter. AGF Investments Inc. now owns 727,592 shares of the aerospace company’s stock valued at $13,516,000 after acquiring an additional 308,848 shares during the period. Finally, Forsta AP Fonden acquired a new stake in shares of CAE in the 4th quarter valued at approximately $5,439,000. Institutional investors own 52.09% of the company’s stock.

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CAE stock traded down $0.35 during mid-day trading on Friday, hitting $18.75. 170,617 shares of the company were exchanged, compared to its average volume of 260,220. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 1.52. The company has a market capitalization of $5,031.34, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 1.95 and a beta of 0.77. Cae Inc has a 1-year low of $15.06 and a 1-year high of $19.28.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Friday, February 9th. The aerospace company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $704.40 million for the quarter, compared to the consensus estimate of $729.98 million. CAE had a net margin of 11.31% and a return on equity of 13.03%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. analysts forecast that Cae Inc will post 0.84 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.071 per share. This is an increase from CAE’s previous quarterly dividend of $0.07. This represents a $0.28 annualized dividend and a yield of 1.51%. The ex-dividend date was Wednesday, March 14th. CAE’s dividend payout ratio (DPR) is 36.71%.

CAE announced that its Board of Directors has approved a stock repurchase program on Friday, February 9th that authorizes the company to buyback 5,350,000 outstanding shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

A number of analysts recently weighed in on CAE shares. Zacks Investment Research downgraded shares of CAE from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Royal Bank of Canada upgraded shares of CAE from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 12th. Finally, ValuEngine upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.00.

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CAE Company Profile

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.

Institutional Ownership by Quarter for CAE (NYSE:CAE)

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