Pictet Asset Management Ltd. lifted its holdings in Cae Inc (NYSE:CAE) (TSE:CAE) by 8.4% during the third quarter, Holdings Channel reports. The institutional investor owned 111,577 shares of the aerospace company’s stock after purchasing an additional 8,600 shares during the quarter. Pictet Asset Management Ltd.’s holdings in CAE were worth $2,837,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. BB&T Securities LLC boosted its position in shares of CAE by 3.1% during the 3rd quarter. BB&T Securities LLC now owns 13,221 shares of the aerospace company’s stock worth $332,000 after purchasing an additional 399 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of CAE by 8.9% in the 3rd quarter. Parallel Advisors LLC now owns 5,839 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 477 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CAE by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,561 shares of the aerospace company’s stock valued at $1,184,000 after purchasing an additional 577 shares in the last quarter. Northern Trust Corp lifted its stake in shares of CAE by 0.4% in the second quarter. Northern Trust Corp now owns 143,758 shares of the aerospace company’s stock valued at $3,861,000 after purchasing an additional 594 shares during the period. Finally, First Bank & Trust boosted its holdings in CAE by 22.2% during the second quarter. First Bank & Trust now owns 6,776 shares of the aerospace company’s stock worth $182,000 after buying an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 49.09% of the company’s stock.
NYSE:CAE opened at $26.02 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.84 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $25.95 and a two-hundred day moving average price of $26.01. Cae Inc has a twelve month low of $17.82 and a twelve month high of $28.03. The company has a market capitalization of $7.01 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 2.62 and a beta of 0.81.
CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Wednesday, November 13th. The aerospace company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. The company had revenue of $896.80 million for the quarter, compared to the consensus estimate of $850.51 million. CAE had a net margin of 9.41% and a return on equity of 14.44%. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 earnings per share. On average, equities research analysts predict that Cae Inc will post 1.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.084 per share. This is an increase from CAE’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, December 12th. CAE’s payout ratio is currently 34.74%.
A number of brokerages have issued reports on CAE. TD Securities increased their target price on shares of CAE from $34.00 to $35.00 and gave the company a “hold” rating in a report on Monday, September 9th. Raymond James reissued a “hold” rating on shares of CAE in a research note on Friday, August 16th. Scotiabank upgraded CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Friday, August 30th. ValuEngine downgraded CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.20.
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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