AGF Investments Inc. reduced its stake in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,492 shares of the aerospace company’s stock after selling 3,012 shares during the quarter. AGF Investments Inc. owned about 0.12% of CAE worth $6,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in CAE. RNC Capital Management LLC purchased a new stake in CAE during the 2nd quarter valued at approximately $208,000. Tower Research Capital LLC TRC grew its holdings in CAE by 3,246.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,641 shares of the aerospace company’s stock valued at $222,000 after buying an additional 10,323 shares in the last quarter. CLARET ASSET MANAGEMENT Corp purchased a new stake in CAE during the 3rd quarter valued at approximately $311,000. Global Financial Private Capital LLC purchased a new stake in CAE during the 2nd quarter valued at approximately $371,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in CAE during the 2nd quarter valued at approximately $510,000. 48.46% of the stock is owned by institutional investors and hedge funds.
CAE stock opened at $20.08 on Friday. Cae Inc has a fifty-two week low of $16.84 and a fifty-two week high of $21.70. The company has a quick ratio of 1.05, a current ratio of 1.42 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $4.88 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79.
CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Tuesday, November 13th. The aerospace company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. CAE had a net margin of 12.36% and a return on equity of 13.48%. 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 earnings per share. CAE’s revenue for the quarter was up 20.3% compared to the same quarter last year. Analysts predict that Cae Inc will post 0.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a $0.076 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 13th. CAE’s dividend payout ratio (DPR) is presently 35.63%.
A number of brokerages have issued reports on CAE. ValuEngine raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, October 16th. TD Securities reaffirmed a “hold” rating on shares of CAE in a report on Monday. Scotiabank reaffirmed an “average” rating and set a $31.00 price objective on shares of CAE in a report on Tuesday. Finally, Macquarie raised shares of CAE from a “neutral” rating to an “outperform” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $26.00.
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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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