Scotia Capital Inc. Sells 74,196 Shares of Cae Inc (NYSE:CAE)

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Scotia Capital Inc. reduced its stake in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 8.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 758,522 shares of the aerospace company’s stock after selling 74,196 shares during the period. Scotia Capital Inc. owned approximately 0.28% of CAE worth $20,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Zions Bancorporation N.A. purchased a new stake in CAE during the first quarter valued at about $28,000. Parallel Advisors LLC lifted its holdings in shares of CAE by 33.7% in the 2nd quarter. Parallel Advisors LLC now owns 5,362 shares of the aerospace company’s stock worth $144,000 after acquiring an additional 1,353 shares during the last quarter. First Bank & Trust boosted its stake in shares of CAE by 22.2% in the 2nd quarter. First Bank & Trust now owns 6,776 shares of the aerospace company’s stock valued at $182,000 after purchasing an additional 1,229 shares in the last quarter. Bluestein R H & Co. purchased a new stake in shares of CAE in the 1st quarter valued at $210,000. Finally, BB&T Securities LLC boosted its stake in shares of CAE by 5.7% in the 2nd quarter. BB&T Securities LLC now owns 12,822 shares of the aerospace company’s stock valued at $344,000 after purchasing an additional 695 shares in the last quarter. 51.67% of the stock is owned by institutional investors.

CAE has been the topic of a number of recent research reports. Scotiabank raised CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Friday, August 30th. CIBC reissued a “hold” rating and set a $37.00 price target on shares of CAE in a research report on Wednesday, May 22nd. Desjardins lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Zacks Investment Research cut CAE from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets downgraded CAE from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CAE presently has an average rating of “Hold” and an average target price of $34.00.

NYSE:CAE traded up $0.01 during trading hours on Wednesday, hitting $25.25. The company had a trading volume of 9,425 shares, compared to its average volume of 266,445. The company has a market capitalization of $6.77 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.77 and a beta of 0.82. The stock has a 50-day moving average price of $26.19 and a 200 day moving average price of $24.68. Cae Inc has a 52 week low of $16.96 and a 52 week high of $28.03. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.87.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). CAE had a net margin of 9.45% and a return on equity of 13.94%. The company had revenue of $825.60 million for the quarter, compared to analysts’ expectations of $849.39 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts anticipate that Cae Inc will post 1.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.083 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, September 12th. This is a positive change from CAE’s previous quarterly dividend of $0.07. CAE’s dividend payout ratio (DPR) is 31.58%.

CAE Company 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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