JPMorgan Chase & Co. increased its position in shares of CAE Inc. (NYSE:CAE) by 28,665.5% during the second quarter, Holdings Channel reports. The fund owned 355,254 shares of the company’s stock after buying an additional 354,019 shares during the period. JPMorgan Chase & Co. owned about 0.13% of CAE worth $4,295,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CAE. World Asset Management Inc increased its position in shares of CAE by 8.3% in the second quarter. World Asset Management Inc now owns 16,766 shares of the company’s stock worth $203,000 after buying an additional 1,284 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of CAE by 14.6% in the second quarter. Eqis Capital Management Inc. now owns 20,353 shares of the company’s stock worth $246,000 after buying an additional 2,586 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of CAE during the first quarter worth approximately $271,000. Advisors Asset Management Inc. bought a new position in shares of CAE during the second quarter worth approximately $375,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of CAE during the second quarter worth approximately $385,000. 56.58% of the stock is currently owned by hedge funds and other institutional investors.
CAE Inc. (NYSE:CAE) traded up 0.70% during trading on Friday, reaching $14.30. 38,073 shares of the company traded hands. CAE Inc. has a 12 month low of $9.34 and a 12 month high of $14.63. The company has a market cap of $3.84 billion, a PE ratio of 20.20 and a beta of 0.99. The company’s 50-day moving average is $14.17 and its 200 day moving average is $12.90.
CAE (NYSE:CAE) last released its earnings results on Wednesday, August 10th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. CAE had a net margin of 9.76% and a return on equity of 13.25%. The business earned $651.60 million during the quarter, compared to analysts’ expectations of $464.69 million. During the same period last year, the business earned $0.19 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. On average, analysts anticipate that CAE Inc. will post $0.74 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.0607 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This is a boost from CAE’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 1.70%. CAE’s dividend payout ratio (DPR) is currently 33.80%.
A number of research firms have issued reports on CAE. Scotiabank reiterated a “sector perform” rating and issued a $18.50 target price (up from $16.75) on shares of CAE in a research note on Saturday, August 13th. Desjardins reiterated a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of CAE in a research note on Saturday, August 13th. RBC Capital Markets reiterated an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of CAE in a research note on Saturday, August 13th. Macquarie reiterated a “neutral” rating on shares of CAE in a research note on Saturday, August 13th. Finally, Zacks Investment Research cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. CAE has a consensus rating of “Buy” and an average target price of $18.00.
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.
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