Swiss National Bank Cuts Stake in CAE Inc (NYSE:CAE)

Swiss National Bank cut its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,035,800 shares of the aerospace company’s stock after selling 51,600 shares during the period. Swiss National Bank owned 0.39% of CAE worth $17,862,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in CAE by 0.7% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after purchasing an additional 57 shares during the period. Mckinley Capital Management LLC Delaware bought a new stake in CAE in the 1st quarter valued at about $138,000. Trexquant Investment LP bought a new stake in CAE in the 1st quarter valued at about $173,000. US Bancorp DE boosted its holdings in CAE by 38.1% in the 2nd quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock valued at $207,000 after purchasing an additional 3,311 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in CAE in the 2nd quarter valued at about $225,000. 53.42% of the stock is owned by institutional investors and hedge funds.

CAE Inc (NYSE CAE) opened at 16.52 on Tuesday. CAE Inc has a 12 month low of $13.75 and a 12 month high of $17.88. The firm has a market capitalization of $4.44 billion, a PE ratio of 22.51 and a beta of 0.87. The firm has a 50-day moving average of $16.56 and a 200 day moving average of $16.14.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Thursday, August 10th. The aerospace company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $699.00 million for the quarter, compared to the consensus estimate of $699.76 million. CAE had a net margin of 8.96% and a return on equity of 13.24%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. Equities research analysts forecast that CAE Inc will post $0.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.071 dividend. 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 dividend on an annualized basis and a yield of 1.72%. CAE’s dividend payout ratio (DPR) is currently 41.43%.

A number of analysts have issued reports on CAE shares. Zacks Investment Research raised shares of CAE from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Thursday, August 31st. BidaskClub downgraded shares of CAE from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. BMO Capital Markets raised shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Wednesday, August 30th. They noted that the move was a valuation call. Finally, TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $20.67.

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CAE Company 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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