Arrowstreet Capital Limited Partnership Boosts Stake in CAE Inc (CAE)

Arrowstreet Capital Limited Partnership lifted its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 25.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,161,800 shares of the aerospace company’s stock after buying an additional 232,702 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.44% of CAE worth $20,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of CAE by 0.7% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock worth $130,000 after buying an additional 57 shares in the last quarter. Comerica Bank lifted its holdings in shares of CAE by 1.3% during the first quarter. Comerica Bank now owns 15,399 shares of the aerospace company’s stock worth $234,000 after buying an additional 203 shares in the last quarter. Account Management LLC lifted its holdings in shares of CAE by 0.5% during the second quarter. Account Management LLC now owns 197,550 shares of the aerospace company’s stock worth $3,406,000 after buying an additional 1,000 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of CAE by 0.6% during the second quarter. State of Wisconsin Investment Board now owns 286,706 shares of the aerospace company’s stock worth $4,936,000 after buying an additional 1,700 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its holdings in shares of CAE by 1.4% during the second quarter. Cidel Asset Management Inc. now owns 164,753 shares of the aerospace company’s stock worth $2,837,000 after buying an additional 2,200 shares in the last quarter. 53.43% of the stock is owned by institutional investors.

CAE Inc (NYSE CAE) traded up 0.12% on Wednesday, reaching $17.36. The company had a trading volume of 36,085 shares. CAE Inc has a 12-month low of $13.75 and a 12-month high of $17.88. The stock’s 50-day moving average price is $16.73 and its 200-day moving average price is $16.41. The stock has a market capitalization of $4.67 billion, a P/E ratio of 22.96 and a beta of 0.87.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, August 10th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company 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 business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. On average, equities research analysts anticipate that CAE Inc will post $0.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.071 per share. This is a boost from CAE’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, September 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.64%. CAE’s dividend payout ratio is 41.43%.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub downgraded CAE from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets raised CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a research note 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. CAE currently has a consensus rating of “Hold” and an average target price of $20.67.

CAE 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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