Commerzbank Aktiengesellschaft FI increased its position in Cae Inc (NYSE:CAE) (TSE:CAE) by 52.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,401 shares of the aerospace company’s stock after purchasing an additional 16,700 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in CAE were worth $898,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. TD Asset Management Inc. lifted its holdings in CAE by 2.0% during the third quarter. TD Asset Management Inc. now owns 6,732,235 shares of the aerospace company’s stock worth $117,511,000 after buying an additional 134,343 shares during the period. Vanguard Group Inc. lifted its holdings in CAE by 4.7% during the second quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock worth $101,740,000 after buying an additional 266,410 shares during the period. Lenox Wealth Management Inc. lifted its holdings in CAE by 52.9% during the third quarter. Lenox Wealth Management Inc. now owns 139,135 shares of the aerospace company’s stock worth $2,439,000 after buying an additional 48,156 shares during the period. Great West Life Assurance Co. Can lifted its holdings in CAE by 11.5% during the third quarter. Great West Life Assurance Co. Can now owns 185,436 shares of the aerospace company’s stock worth $3,222,000 after buying an additional 19,132 shares during the period. Finally, Aperio Group LLC lifted its holdings in CAE by 12.5% during the third quarter. Aperio Group LLC now owns 329,095 shares of the aerospace company’s stock worth $5,769,000 after buying an additional 36,610 shares during the period. 51.97% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on CAE. Zacks Investment Research lowered CAE from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. ValuEngine lowered CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, AltaCorp Capital reiterated a “hold” rating and set a $21.00 price objective on shares of CAE in a report on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.33.
CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Friday, February 9th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.22. The company had revenue of $704.40 million during the quarter, compared to analyst estimates of $729.98 million. CAE had a return on equity of 13.09% and a net margin of 9.55%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. equities analysts predict that Cae Inc will post 0.84 earnings per share for the current year.
CAE announced that its Board of Directors has authorized a stock repurchase program on Friday, February 9th that authorizes the company to buyback 5,350,000 outstanding shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
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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