Two Sigma Advisers LP lessened its stake in Cae Inc (NYSE:CAE) (TSE:CAE) by 20.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,556 shares of the aerospace company’s stock after selling 34,800 shares during the quarter. Two Sigma Advisers LP’s holdings in CAE were worth $2,487,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in CAE. Mackenzie Financial Corp increased its holdings in shares of CAE by 35.2% in the 4th quarter. Mackenzie Financial Corp now owns 7,948,059 shares of the aerospace company’s stock valued at $147,516,000 after purchasing an additional 2,068,070 shares in the last quarter. USS Investment Management Ltd increased its holdings in CAE by 46.9% during the 4th quarter. USS Investment Management Ltd now owns 4,010,230 shares of the aerospace company’s stock valued at $74,641,000 after acquiring an additional 1,279,612 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in CAE by 33.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,474,174 shares of the aerospace company’s stock valued at $45,920,000 after acquiring an additional 616,203 shares in the last quarter. AGF Investments Inc. increased its holdings in CAE by 73.8% during the 4th quarter. AGF Investments Inc. now owns 727,592 shares of the aerospace company’s stock valued at $13,516,000 after acquiring an additional 308,848 shares in the last quarter. Finally, Forsta AP Fonden purchased a new position in CAE during the 4th quarter valued at about $5,439,000. Institutional investors and hedge funds own 52.09% of the company’s stock.
CAE has been the subject of several recent research reports. Zacks Investment Research downgraded shares of CAE from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. ValuEngine upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Royal Bank of Canada upgraded shares of CAE from a “sector perform” rating to an “outperform” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.00.
CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Friday, February 9th. The aerospace company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $704.40 million during the quarter, compared to the consensus estimate of $729.98 million. CAE had a net margin of 11.31% and a return on equity of 13.03%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share. research analysts forecast that Cae Inc will post 0.84 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.071 per share. The ex-dividend date was Wednesday, March 14th. This is an increase from CAE’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.51%. CAE’s payout ratio is 36.71%.
CAE announced that its Board of Directors has approved a share repurchase program on Friday, February 9th that permits the company to buyback 5,350,000 shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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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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