Fmr LLC Acquires 100 Shares of Cae Inc (CAE)

Fmr LLC raised its stake in Cae Inc (NYSE:CAE) (TSE:CAE) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,605,230 shares of the company’s stock after buying an additional 100 shares during the period. Fmr LLC owned 1.34% of Cae worth $50,427,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. US Bancorp DE increased its position in Cae by 38.2% in the third quarter. US Bancorp DE now owns 8,653 shares of the company’s stock valued at $123,000 after buying an additional 2,390 shares during the last quarter. Advisor Group Inc. increased its position in Cae by 1,354.9% in the third quarter. Advisor Group Inc. now owns 13,560 shares of the company’s stock valued at $193,000 after buying an additional 12,628 shares during the last quarter. Prudential PLC acquired a new position in Cae during the fourth quarter valued at $208,000. Comerica Bank increased its position in Cae by 12.0% in the fourth quarter. Comerica Bank now owns 15,196 shares of the company’s stock valued at $217,000 after buying an additional 1,630 shares during the last quarter. Finally, Tdam USA Inc. increased its position in Cae by 50.4% in the third quarter. Tdam USA Inc. now owns 16,398 shares of the company’s stock valued at $232,000 after buying an additional 5,495 shares during the last quarter. Hedge funds and other institutional investors own 58.78% of the company’s stock.

Institutional Ownership by Quarter for Cae (NYSE:CAE)

Cae Inc (NYSE:CAE) opened at 14.64 on Tuesday. The company’s 50-day moving average is $14.82 and its 200 day moving average is $14.38. Cae Inc has a 52 week low of $11.06 and a 52 week high of $15.88. The stock has a market cap of $3.93 billion, a PE ratio of 21.92 and a beta of 0.83.

Cae (NYSE:CAE) last posted its earnings results on Tuesday, February 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The business had revenue of $682.70 million for the quarter, compared to analysts’ expectations of $616.30 million. Cae had a net margin of 8.90% and a return on equity of 13.19%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. On average, analysts expect that Cae Inc will post $0.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.0609 per share. The ex-dividend date is Monday, March 13th. This represents a $0.24 annualized dividend and a yield of 1.66%. This is a boost from Cae’s previous quarterly dividend of $0.06. Cae’s dividend payout ratio is currently 36.92%.

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Several equities analysts have recently weighed in on CAE shares. TD Securities upgraded shares of Cae from a “hold” rating to a “buy” rating in a research note on Wednesday, February 15th. Zacks Investment Research upgraded shares of Cae from a “sell” rating to a “hold” rating and set a $16.00 target price for the company in a research note on Tuesday, February 7th. Finally, Scotiabank upgraded shares of Cae from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.71.

About Cae

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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