Scotia Capital Inc. Decreases Stake in CAE Inc (CAE)

Scotia Capital Inc. lowered its position in CAE Inc (NYSE:CAE) (TSE:CAE) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 670,413 shares of the aerospace company’s stock after selling 110,331 shares during the period. Scotia Capital Inc. owned 0.25% of CAE worth $11,535,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CAE. Comerica Bank raised its position in shares of CAE by 1.3% in the 1st quarter. Comerica Bank now owns 15,399 shares of the aerospace company’s stock worth $234,000 after acquiring an additional 203 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in CAE by 44.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 285,738 shares of the aerospace company’s stock valued at $4,369,000 after buying an additional 87,821 shares in the last quarter. Trexquant Investment LP bought a new position in CAE during the 1st quarter valued at approximately $173,000. JPMorgan Chase & Co. increased its position in CAE by 61.7% during the 1st quarter. JPMorgan Chase & Co. now owns 817,035 shares of the aerospace company’s stock valued at $12,492,000 after buying an additional 311,826 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in CAE during the 1st quarter valued at approximately $285,000. 53.43% of the stock is owned by hedge funds and other institutional investors.

CAE Inc (NYSE CAE) traded down 0.40% on Tuesday, reaching $17.23. The company had a trading volume of 137,479 shares. The company has a market capitalization of $4.63 billion, a P/E ratio of 22.79 and a beta of 0.87. CAE Inc has a 52 week low of $13.75 and a 52 week high of $17.88. The stock’s 50-day moving average is $16.70 and its 200-day moving average is $16.39.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, August 10th. The aerospace company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business 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%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.26 EPS. Equities research analysts forecast that CAE Inc will post $0.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.071 per share. The ex-dividend date of this dividend was Thursday, September 14th. This is an increase from CAE’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.64%. CAE’s dividend payout ratio is presently 41.43%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/10/scotia-capital-inc-decreases-stake-in-cae-inc-cae.html.

A number of research analysts recently weighed in on CAE shares. Zacks Investment Research raised CAE from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Thursday, August 31st. BidaskClub lowered CAE from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Finally, BMO Capital Markets raised CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Wednesday, August 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating a

Several other large investors have also recently made changes to their positions in CAE. Comerica Bank raised its position in shares of CAE by 1.3% in the 1st quarter. Comerica Bank now owns 15,399 shares of the aerospace company’s stock worth $234,000 after acquiring an additional 203 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in CAE by 44.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 285,738 shares of the aerospace company’s stock valued at $4,369,000 after buying an additional 87,821 shares in the last quarter. Trexquant Investment LP bought a new position in CAE during the 1st quarter valued at approximately $173,000. JPMorgan Chase & Co. increased its position in CAE by 61.7% during the 1st quarter. JPMorgan Chase & Co. now owns 817,035 shares of the aerospace company’s stock valued at $12,492,000 after buying an additional 311,826 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in CAE during the 1st quarter valued at approximately $285,000. 53.43% of the stock is owned by hedge funds and other institutional investors.

CAE Inc (NYSE CAE) traded down 0.40% on Tuesday, reaching $17.23. The company had a trading volume of 137,479 shares. The company has a market capitalization of $4.63 billion, a P/E ratio of 22.79 and a beta of 0.87. CAE Inc has a 52 week low of $13.75 and a 52 week high of $17.88. The stock’s 50-day moving average is $16.70 and its 200-day moving average is $16.39.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, August 10th. The aerospace company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business 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%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.26 EPS. Equities research analysts forecast that CAE Inc will post $0.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.071 per share. The ex-dividend date of this dividend was Thursday, September 14th. This is an increase from CAE’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.64%. CAE’s dividend payout ratio is presently 41.43%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/10/scotia-capital-inc-decreases-stake-in-cae-inc-cae.html.

A number of research analysts recently weighed in on CAE shares. Zacks Investment Research raised CAE from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Thursday, August 31st. BidaskClub lowered CAE from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Finally, BMO Capital Markets raised CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Wednesday, August 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average 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.

Institutional Ownership by Quarter for CAE (NYSE:CAE)

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