Letko Brosseau & Associates Inc. lessened its stake in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 19.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,683,806 shares of the aerospace company’s stock after selling 646,389 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in CAE were worth $59,484,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in CAE by 0.5% in the first quarter. Wells Fargo & Company MN now owns 217,963 shares of the aerospace company’s stock valued at $4,828,000 after purchasing an additional 1,131 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in CAE by 17.1% in the first quarter. Artisan Partners Limited Partnership now owns 1,115,298 shares of the aerospace company’s stock valued at $24,712,000 after purchasing an additional 162,944 shares during the last quarter. CIBC World Markets Inc. lifted its position in CAE by 6.8% in the first quarter. CIBC World Markets Inc. now owns 1,486,293 shares of the aerospace company’s stock valued at $32,921,000 after purchasing an additional 95,212 shares during the last quarter. Advisor Group Inc. lifted its position in CAE by 5.4% in the first quarter. Advisor Group Inc. now owns 24,548 shares of the aerospace company’s stock valued at $544,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in CAE by 7.0% in the first quarter. Parametric Portfolio Associates LLC now owns 493,618 shares of the aerospace company’s stock valued at $10,934,000 after purchasing an additional 32,153 shares during the last quarter. 47.22% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on CAE shares. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research report on Friday, April 26th. BMO Capital Markets downgraded CAE from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 21st. Desjardins downgraded CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Zacks Investment Research downgraded CAE from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. Finally, CIBC restated a “hold” rating and set a $37.00 target price on shares of CAE in a report on Wednesday, May 22nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $30.70.

Shares of CAE stock traded down $0.01 during midday trading on Wednesday, reaching $25.28. 7,590 shares of the company’s stock traded hands, compared to its average volume of 221,984. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.47. The company has a market cap of $6.69 billion, a PE ratio of 26.75, a P/E/G ratio of 2.42 and a beta of 0.95. Cae Inc has a 12 month low of $16.96 and a 12 month high of $27.42.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Friday, May 17th. The aerospace company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. CAE had a return on equity of 14.34% and a net margin of 9.98%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $945.05 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was up 41.7% on a year-over-year basis. On average, research analysts anticipate that Cae Inc will post 1.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.0742 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.17%. CAE’s dividend payout ratio is currently 31.58%.

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About CAE

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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