Commerzbank Aktiengesellschaft FI Cuts Stake in CAE Inc (NYSE:CAE)

Commerzbank Aktiengesellschaft FI lessened its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 7.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,094 shares of the aerospace company’s stock after selling 3,568 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in CAE were worth $760,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in CAE by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 57 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in CAE in the first quarter worth $138,000. Trexquant Investment LP bought a new stake in CAE in the first quarter worth $173,000. US Bancorp DE increased its position in CAE by 38.1% in the second quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock worth $207,000 after purchasing an additional 3,311 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in CAE in the second quarter worth $225,000. 53.42% of the stock is currently owned by hedge funds and other institutional investors.

CAE Inc (CAE) opened at 16.67 on Friday. The company has a market capitalization of $4.48 billion, a PE ratio of 22.05 and a beta of 0.87. The stock has a 50 day moving average of $16.54 and a 200-day moving average of $16.15. CAE Inc has a 12-month low of $13.75 and a 12-month high of $17.88.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Thursday, August 10th. The aerospace company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). CAE had a return on equity of 13.24% and a net margin of 8.96%. The business had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $699.76 million. During the same quarter last year, the company posted $0.26 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts expect that CAE Inc will post $0.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.071 per share. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from CAE’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.70%. CAE’s dividend payout ratio is 41.43%.

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Several equities research analysts recently weighed in on the stock. 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. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research report on Thursday, August 31st. Finally, BMO Capital Markets upgraded shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research report on Wednesday, August 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. CAE currently has a consensus rating of “Hold” and a consensus target price of $20.67.

CAE Profile

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.

Institutional Ownership by Quarter for CAE (NYSE:CAE)

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