Sumitomo Mitsui Trust Holdings Inc. increased its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 18.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 878,650 shares of the aerospace company’s stock after buying an additional 135,097 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.33% of CAE worth $15,364,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its position in CAE by 89.8% during the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 3,354 shares during the period. US Bancorp DE boosted its position in shares of CAE by 38.1% in the second quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock valued at $207,000 after acquiring an additional 3,311 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of CAE in the second quarter valued at $225,000. Greenleaf Trust acquired a new position in shares of CAE in the second quarter valued at $231,000. Finally, Citadel Advisors LLC acquired a new position in shares of CAE in the second quarter valued at $248,000. Hedge funds and other institutional investors own 52.41% of the company’s stock.
A number of brokerages recently commented on CAE. ValuEngine lowered CAE from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research lowered CAE from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. BMO Capital Markets upgraded CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Wednesday, August 30th. They noted that the move was a valuation call. AltaCorp Capital reiterated a “hold” rating and set a $21.00 price objective on shares of CAE in a research note on Sunday, November 12th. Finally, BidaskClub lowered CAE from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.33.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.0709 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.63%. CAE’s dividend payout ratio (DPR) is presently 38.67%.
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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.
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