Citadel Advisors LLC Takes Position in CAE Inc (CAE)

Citadel Advisors LLC acquired a new stake in CAE Inc (NYSE:CAE) (TSE:CAE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,383 shares of the aerospace company’s stock, valued at approximately $248,000.

Other large investors also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in shares of CAE by 89.8% in the 2nd quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after acquiring an additional 3,354 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of 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 acquiring an additional 57 shares in the last quarter. US Bancorp DE increased its stake in shares of 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 acquiring an additional 3,311 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of CAE in the 2nd quarter valued at $225,000. Finally, Greenleaf Trust bought a new stake in shares of CAE in the 2nd quarter valued at $231,000. Institutional investors own 53.43% of the company’s stock.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.071 dividend. This is an increase from CAE’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, September 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.65%. CAE’s dividend payout ratio is 41.43%.

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Several research firms have recently weighed in on CAE. BidaskClub lowered shares of CAE from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research note on Thursday, August 31st. Finally, BMO Capital Markets upgraded shares of 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given 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 target price of $20.67.

CAE 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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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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