Cae Inc (CAE) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in Cae Inc (NYSE:CAE) (TSE:CAE) by 90.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,500 shares of the aerospace company’s stock after acquiring an additional 22,500 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CAE were worth $954,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CAE. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 10,323 shares during the last quarter. CLARET ASSET MANAGEMENT Corp bought a new position in CAE during the 3rd quarter valued at $311,000. Global Financial Private Capital LLC bought a new position in CAE during the 2nd quarter valued at $371,000. Stevens Capital Management LP bought a new position in CAE during the 2nd quarter valued at $597,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in CAE during the 2nd quarter valued at $510,000. 48.18% of the stock is owned by institutional investors.

CAE stock opened at $19.61 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 1.35. Cae Inc has a 1 year low of $16.84 and a 1 year high of $21.70. The stock has a market capitalization of $5.34 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.13 and a beta of 0.84.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a $0.076 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.55%. CAE’s payout ratio is currently 35.63%.

CAE has been the topic of a number of research analyst reports. Scotiabank reiterated an “average” rating and set a $31.00 price objective on shares of CAE in a research note on Tuesday, November 13th. CIBC reiterated an “average” rating and set a $29.00 price objective on shares of CAE in a research note on Monday, November 26th. Desjardins reiterated an “average” rating and set a $31.00 price objective on shares of CAE in a research note on Monday, November 19th. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, November 16th. Finally, ValuEngine upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.38.

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About CAE

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.

Further Reading: Cash Flow

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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