CAE Inc (CAE) Holdings Boosted by Ajo LP
Ajo LP grew its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 25.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,300 shares of the aerospace company’s stock after buying an additional 14,800 shares during the quarter. Ajo LP’s holdings in CAE were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of 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 buying an additional 36,655 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of 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 buying an additional 574,900 shares in the last quarter. UBS Group AG lifted its position in shares of 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 buying an additional 176,448 shares in the last quarter. Morgan Stanley lifted its position in shares of 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 buying an additional 366,337 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of CAE during the 1st quarter worth approximately $346,000. 53.42% of the stock is currently owned by hedge funds and other institutional investors.
CAE Inc (CAE) opened at 16.49 on Wednesday. The firm’s 50 day moving average is $16.54 and its 200 day moving average is $16.15. The company has a market cap of $4.44 billion, a PE ratio of 22.47 and a beta of 0.87. CAE Inc has a 52-week low of $13.75 and a 52-week high of $17.88.
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 Zacks’ consensus estimate of $0.19 by ($0.01). CAE had a net margin of 8.96% and a return on equity of 13.24%. The firm had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $699.76 million. During the same quarter in the previous year, the company earned $0.26 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts forecast that CAE Inc will post $0.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be 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 of this dividend is Thursday, September 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.72%. CAE’s dividend payout ratio is presently 41.43%.
Several equities analysts have commented on CAE shares. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, August 1st. BidaskClub cut shares of CAE from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research 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 research report on Wednesday, August 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CAE presently has an average rating of “Hold” and an average price target of $20.67.
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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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