CAE Inc (CAE) Shares Bought by Eaton Vance Management

Eaton Vance Management increased its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,266 shares of the aerospace company’s stock after purchasing an additional 4,390 shares during the quarter. Eaton Vance Management owned approximately 0.06% of CAE worth $2,918,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in CAE by 19.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 222,215 shares of the aerospace company’s stock worth $3,398,000 after purchasing an additional 36,655 shares in the last quarter. Renaissance Technologies LLC increased its position in CAE by 47.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,777,500 shares of the aerospace company’s stock worth $27,180,000 after purchasing an additional 574,900 shares in the last quarter. UBS Group AG increased its position in CAE by 80.7% during the 1st quarter. UBS Group AG now owns 394,973 shares of the aerospace company’s stock worth $6,040,000 after purchasing an additional 176,448 shares in the last quarter. Morgan Stanley increased its position in CAE by 12.0% during the 1st quarter. Morgan Stanley now owns 3,415,109 shares of the aerospace company’s stock worth $52,217,000 after purchasing an additional 366,337 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in CAE during the 1st quarter worth approximately $346,000. Institutional investors and hedge funds own 53.42% of the company’s stock.

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A number of equities analysts recently issued reports on CAE shares. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Thursday, August 31st. BidaskClub cut shares of CAE from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, BMO Capital Markets raised shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Wednesday, August 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $20.67.

Shares of CAE Inc (CAE) opened at 16.45 on Monday. CAE Inc has a 12-month low of $13.73 and a 12-month high of $17.88. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 22.41 and a beta of 0.87. The firm’s 50-day moving average is $16.57 and its 200-day moving average is $16.12.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Thursday, August 10th. The aerospace company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $699.76 million. CAE had a return on equity of 13.24% and a net margin of 8.96%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. On average, equities analysts predict that CAE Inc will post $0.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.071 per share. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from CAE’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.73%. CAE’s dividend payout ratio (DPR) is 41.43%.

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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