Credit Suisse AG boosted its stake in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 44.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 606,693 shares of the aerospace company’s stock after acquiring an additional 186,707 shares during the quarter. Credit Suisse AG owned 0.23% of CAE worth $12,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in CAE by 3,246.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,641 shares of the aerospace company’s stock valued at $222,000 after acquiring an additional 10,323 shares during the period. CLARET ASSET MANAGEMENT Corp purchased a new stake in CAE in the 3rd quarter worth approximately $311,000. Global Financial Private Capital LLC purchased a new stake in CAE in the 2nd quarter worth approximately $371,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in CAE in the 2nd quarter worth approximately $510,000. Finally, Stevens Capital Management LP purchased a new stake in CAE in the 2nd quarter worth approximately $597,000. Institutional investors own 48.18% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded CAE from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, November 16th. CIBC reiterated an “average” rating and issued a $29.00 price objective on shares of CAE in a report on Monday, November 26th. ValuEngine upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Desjardins reiterated an “average” rating and issued a $31.00 price objective on shares of CAE in a report on Monday, November 19th. Finally, Scotiabank reiterated an “average” rating and issued a $31.50 price objective on shares of CAE in a report on Monday, December 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.38.
NYSE CAE opened at $19.33 on Friday. Cae Inc has a fifty-two week low of $16.84 and a fifty-two week high of $21.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.35 and a quick ratio of 0.99. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.84.
CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, November 13th. The aerospace company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $743.80 million during the quarter, compared to analysts’ expectations of $661.29 million. CAE had a return on equity of 13.36% and a net margin of 11.83%. The business’s revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. As a group, research analysts expect that Cae Inc will post 0.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.076 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, December 13th. CAE’s payout ratio is presently 35.63%.
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CAE Company Profile
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The 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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