Great West Life Assurance Co. Can reduced its position in Cae Inc (NYSE:CAE) (TSE:CAE) by 12.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,978 shares of the aerospace company’s stock after selling 23,176 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of CAE worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. RNC Capital Management LLC bought a new stake in CAE during the second quarter valued at about $208,000. Natixis Advisors L.P. bought a new stake in shares of CAE in the first quarter worth about $203,000. Financial Gravity Wealth Inc. bought a new stake in shares of CAE in the first quarter worth about $210,000. Signaturefd LLC bought a new stake in shares of CAE in the first quarter worth about $255,000. Finally, Citadel Advisors LLC increased its holdings in shares of CAE by 55.3% in the first quarter. Citadel Advisors LLC now owns 16,940 shares of the aerospace company’s stock worth $315,000 after purchasing an additional 6,033 shares during the last quarter. Hedge funds and other institutional investors own 48.89% of the company’s stock.
Shares of CAE stock remained flat at $$19.78 during trading hours on Friday. The stock had a trading volume of 135,485 shares, compared to its average volume of 191,476. The company has a quick ratio of 1.05, a current ratio of 1.42 and a debt-to-equity ratio of 0.52. Cae Inc has a 1 year low of $16.84 and a 1 year high of $21.70. The company has a market capitalization of $5.43 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.16 and a beta of 0.66.
CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Tuesday, August 14th. The aerospace company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. CAE had a return on equity of 13.48% and a net margin of 12.36%. The company had revenue of $722.00 million for the quarter, compared to analysts’ expectations of $729.04 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts forecast that Cae Inc will post 0.94 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $0.077 per share. This is a boost from CAE’s previous quarterly dividend of $0.07. This represents a $0.31 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, September 13th. CAE’s payout ratio is presently 35.63%.
Separately, ValuEngine raised CAE from a “hold” rating to a “buy” rating in a report on Friday, September 7th.
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.
Recommended Story: What is a Leveraged Buyout (LBO)?
Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.