US Bancorp DE decreased its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 18.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,701 shares of the aerospace company’s stock after selling 1,952 shares during the period. US Bancorp DE’s holdings in CAE were worth $134,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CAE. Norges Bank acquired a new stake in CAE during the fourth quarter worth approximately $35,196,000. Numeric Investors LLC boosted its stake in shares of CAE by 82.7% in the fourth quarter. Numeric Investors LLC now owns 78,000 shares of the aerospace company’s stock worth $1,092,000 after buying an additional 35,300 shares in the last quarter. United Capital Financial Advisers LLC purchased a new stake in shares of CAE during the fourth quarter worth about $2,013,000. Denver Investment Advisors LLC boosted its stake in shares of CAE by 40.6% in the fourth quarter. Denver Investment Advisors LLC now owns 84,009 shares of the aerospace company’s stock worth $1,174,000 after buying an additional 24,251 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of CAE by 24.9% in the fourth quarter. AQR Capital Management LLC now owns 458,260 shares of the aerospace company’s stock worth $6,417,000 after buying an additional 91,442 shares in the last quarter. Institutional investors own 57.74% of the company’s stock.
CAE Inc (NYSE CAE) opened at 16.75 on Friday. The firm’s 50-day moving average price is $16.10 and its 200-day moving average price is $15.05. CAE Inc has a 12-month low of $11.85 and a 12-month high of $16.95. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 24.03 and a beta of 0.85.
CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Wednesday, May 31st. The aerospace company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. CAE had a return on equity of 13.96% and a net margin of 9.30%. The firm had revenue of $734.70 million during the quarter, compared to analysts’ expectations of $748.41 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts predict that CAE Inc will post $0.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.059 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.41%. This is a boost from CAE’s previous quarterly dividend of $0.06. CAE’s dividend payout ratio (DPR) is currently 33.80%.
CAE has been the topic of a number of research reports. Zacks Investment Research upgraded CAE from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, April 18th. TD Securities cut CAE from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.00.
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.
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