Cae Inc (NYSE:CAE) Shares Bought by Raymond James & Associates

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Raymond James & Associates lifted its stake in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 88.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 99,071 shares of the aerospace company’s stock after acquiring an additional 46,552 shares during the period. Raymond James & Associates’ holdings in CAE were worth $2,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. RMB Capital Management LLC bought a new stake in shares of CAE during the 4th quarter worth $574,000. Two Sigma Advisers LP lifted its stake in CAE by 24.3% in the fourth quarter. Two Sigma Advisers LP now owns 180,456 shares of the aerospace company’s stock worth $3,319,000 after purchasing an additional 35,256 shares during the last quarter. AGF Investments Inc. lifted its stake in CAE by 28.7% in the fourth quarter. AGF Investments Inc. now owns 416,443 shares of the aerospace company’s stock worth $7,653,000 after purchasing an additional 92,951 shares during the last quarter. Janus Henderson Group PLC lifted its stake in CAE by 36.5% in the first quarter. Janus Henderson Group PLC now owns 1,308,852 shares of the aerospace company’s stock worth $29,009,000 after purchasing an additional 350,037 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in CAE by 1,472.5% in the fourth quarter. 1832 Asset Management L.P. now owns 3,527,874 shares of the aerospace company’s stock worth $65,084,000 after purchasing an additional 3,303,530 shares during the last quarter. 47.22% of the stock is owned by institutional investors.

Several research firms have weighed in on CAE. CIBC reissued a “hold” rating and issued a $37.00 price target on shares of CAE in a research note on Wednesday, May 22nd. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. BMO Capital Markets downgraded shares of CAE from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 21st. Zacks Investment Research raised shares of CAE from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Finally, National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.70.

CAE stock traded up $0.03 during mid-day trading on Wednesday, hitting $25.50. The company’s stock had a trading volume of 3,007 shares, compared to its average volume of 165,987. 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 capitalization of $6.87 billion, a PE ratio of 26.85, a P/E/G ratio of 2.48 and a beta of 0.78. Cae Inc has a 12 month low of $16.96 and a 12 month high of $27.42.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.0742 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 13th. CAE’s payout ratio is 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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