CAE Inc (CAE) Shares Bought by Cidel Asset Management Inc.
Cidel Asset Management Inc. boosted its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,753 shares of the aerospace company’s stock after buying an additional 2,200 shares during the period. Cidel Asset Management Inc.’s holdings in CAE were worth $2,837,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its stake in CAE by 17.7% in the first quarter. Mackenzie Financial Corp now owns 7,332,489 shares of the aerospace company’s stock worth $112,114,000 after buying an additional 1,105,110 shares during the period. TD Asset Management Inc. boosted its stake in CAE by 6.0% in the second quarter. TD Asset Management Inc. now owns 6,597,892 shares of the aerospace company’s stock worth $113,597,000 after buying an additional 376,314 shares during the period. Vanguard Group Inc. boosted its stake in CAE by 7.0% in the first quarter. Vanguard Group Inc. now owns 5,634,957 shares of the aerospace company’s stock worth $86,159,000 after buying an additional 367,181 shares during the period. USS Investment Management Ltd boosted its stake in CAE by 0.7% in the first quarter. USS Investment Management Ltd now owns 4,162,928 shares of the aerospace company’s stock worth $63,670,000 after buying an additional 28,800 shares during the period. Finally, FMR LLC boosted its stake in CAE by 2.4% in the first quarter. FMR LLC now owns 3,692,900 shares of the aerospace company’s stock worth $56,427,000 after buying an additional 87,670 shares during the period. Institutional investors and hedge funds own 56.12% of the company’s stock.
Shares of CAE Inc (CAE) opened at 16.51 on Friday. The stock’s 50 day moving average price is $17.15 and its 200-day moving average price is $15.89. The firm has a market cap of $4.44 billion, a PE ratio of 22.55 and a beta of 0.86. CAE Inc has a 52-week low of $13.57 and a 52-week high of $17.88.
CAE (NYSE:CAE) (TSE:CAE) last issued 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 company had revenue of $699 million for the quarter, compared to the consensus estimate 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 in the previous year, the business posted $0.26 EPS. On average, equities research analysts anticipate that CAE Inc will post $0.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.071 per share. This is a positive change from CAE’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.28 annualized dividend and a yield of 1.72%. CAE’s dividend payout ratio is 34.29%.
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CAE has been the topic of a number of research analyst reports. Zacks Investment Research cut CAE from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded CAE from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, TD Securities cut CAE from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.50.
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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