Northern Trust Corp Grows Stake in Cae Inc (CAE)

Northern Trust Corp raised its holdings in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,093 shares of the aerospace company’s stock after buying an additional 29,231 shares during the quarter. Northern Trust Corp’s holdings in CAE were worth $2,681,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in shares of CAE by 19.0% during the 4th quarter. Mackenzie Financial Corp now owns 10,827,586 shares of the aerospace company’s stock valued at $198,686,000 after acquiring an additional 1,731,694 shares during the last quarter. Vanguard Group Inc boosted its position in shares of CAE by 4.9% during the 3rd quarter. Vanguard Group Inc now owns 7,087,853 shares of the aerospace company’s stock valued at $144,025,000 after acquiring an additional 331,851 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of CAE by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,087,853 shares of the aerospace company’s stock valued at $144,025,000 after acquiring an additional 331,851 shares during the last quarter. Bank of Montreal Can boosted its position in shares of CAE by 2.5% during the 4th quarter. Bank of Montreal Can now owns 2,937,360 shares of the aerospace company’s stock valued at $53,901,000 after acquiring an additional 70,421 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new position in shares of CAE during the 3rd quarter valued at about $23,534,000. 49.79% of the stock is owned by institutional investors and hedge funds.

Shares of CAE stock opened at $22.86 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.79 and a current ratio of 1.10. The stock has a market cap of $6.12 billion, a PE ratio of 26.28, a PEG ratio of 2.12 and a beta of 0.94. Cae Inc has a twelve month low of $16.96 and a twelve month high of $23.62.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Friday, February 8th. The aerospace company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.03). CAE had a net margin of 10.07% and a return on equity of 13.27%. The firm had revenue of $816.00 million for the quarter, compared to analyst estimates of $774.68 million. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts forecast that Cae Inc will post 0.9 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.0763 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.31 dividend on an annualized basis and a yield of 1.33%. This is a boost from CAE’s previous quarterly dividend of $0.08. CAE’s dividend payout ratio is presently 34.48%.

Several research analysts have recently weighed in on CAE shares. Zacks Investment Research raised shares of CAE from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Friday. Six equities research 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 an average price target of $28.13.

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CAE Profile

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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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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