Cae Inc (CAE) Shares Sold by Allianz Asset Management GmbH
Allianz Asset Management GmbH lowered its stake in Cae Inc (NYSE:CAE) (TSE:CAE) by 18.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,016,068 shares of the aerospace company’s stock after selling 226,195 shares during the quarter. Allianz Asset Management GmbH’s holdings in CAE were worth $20,611,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of CAE by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 348,946 shares of the aerospace company’s stock worth $7,091,000 after buying an additional 7,784 shares during the last quarter. Pictet Asset Management Ltd. purchased a new position in shares of CAE in the 3rd quarter worth about $2,158,000. Dundas Partners LLP purchased a new position in shares of CAE in the 3rd quarter worth about $24,310,000. Credit Suisse AG boosted its holdings in shares of CAE by 44.5% in the 3rd quarter. Credit Suisse AG now owns 606,693 shares of the aerospace company’s stock worth $12,328,000 after buying an additional 186,707 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of CAE by 90.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 47,500 shares of the aerospace company’s stock worth $954,000 after buying an additional 22,500 shares during the last quarter. Institutional investors own 48.18% of the company’s stock.
A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Zacks Investment Research downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. CIBC reissued an “average” rating and issued a $29.00 price target on shares of CAE in a report on Monday, November 26th. Desjardins reissued an “average” rating and issued a $31.00 price target on shares of CAE in a report on Monday, November 19th. Finally, TD Securities reissued a “hold” rating on shares of CAE in a report on Monday, November 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $28.38.
CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, November 13th. The aerospace company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $743.80 million for the quarter, compared to the consensus estimate of $661.29 million. CAE had a net margin of 11.83% and a return on equity of 13.36%. The company’s revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share. On average, analysts anticipate that Cae Inc will post 0.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.076 per share. This represents a $0.30 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, December 13th. CAE’s dividend payout ratio (DPR) is presently 35.63%.
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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.
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