Letko Brosseau & Associates Inc. Lowers Holdings in Cae Inc (NYSE:CAE)

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Letko Brosseau & Associates Inc. decreased its holdings in Cae Inc (NYSE:CAE) (TSE:CAE) by 8.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,470,056 shares of the aerospace company’s stock after selling 213,750 shares during the quarter. Letko Brosseau & Associates Inc. owned 0.93% of CAE worth $66,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. USS Investment Management Ltd boosted its stake in shares of CAE by 0.3% in the second quarter. USS Investment Management Ltd now owns 6,032,330 shares of the aerospace company’s stock valued at $161,809,000 after purchasing an additional 20,216 shares during the period. FMR LLC boosted its stake in shares of CAE by 35.6% in the first quarter. FMR LLC now owns 3,511,984 shares of the aerospace company’s stock valued at $77,816,000 after purchasing an additional 921,799 shares during the period. Bank of Montreal Can boosted its stake in shares of CAE by 10.9% in the first quarter. Bank of Montreal Can now owns 3,256,954 shares of the aerospace company’s stock valued at $72,142,000 after purchasing an additional 319,594 shares during the period. Toronto Dominion Bank boosted its stake in shares of CAE by 2.8% in the first quarter. Toronto Dominion Bank now owns 2,379,389 shares of the aerospace company’s stock valued at $52,949,000 after purchasing an additional 64,835 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of CAE by 23.5% in the second quarter. Janus Henderson Group PLC now owns 1,615,827 shares of the aerospace company’s stock valued at $43,537,000 after purchasing an additional 306,975 shares during the period. 46.24% of the stock is owned by institutional investors and hedge funds.

NYSE:CAE traded down $0.83 during mid-day trading on Thursday, hitting $24.88. The stock had a trading volume of 17,537 shares, compared to its average volume of 148,165. The firm’s 50-day simple moving average is $27.10. The company has a market capitalization of $7.17 billion, a P/E ratio of 26.18, a PEG ratio of 2.58 and a beta of 0.78. Cae Inc has a twelve month low of $16.96 and a twelve month high of $28.03. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.86.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Wednesday, August 14th. The aerospace company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). CAE had a net margin of 9.98% and a return on equity of 14.22%. The firm had revenue of $825.60 million during the quarter, compared to analyst estimates of $849.39 million. During the same period last year, the business earned $0.26 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts anticipate that Cae Inc will post 1.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.083 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.33 dividend on an annualized basis and a yield of 1.33%. This is a boost from CAE’s previous quarterly dividend of $0.07. CAE’s dividend payout ratio (DPR) is presently 31.58%.

Several research analysts have recently commented on CAE shares. Zacks Investment Research lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Desjardins cut shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. BMO Capital Markets cut shares of CAE from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st. CIBC reaffirmed a “hold” rating and issued a $37.00 target price on shares of CAE in a report on Wednesday, May 22nd. Finally, National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $32.50.

CAE Profile

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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