Massachusetts Financial Services Co. MA Has $8.88 Million Position in CAE Inc (CAE)

Massachusetts Financial Services Co. MA lowered its stake in CAE Inc (NYSE:CAE) (TSE:CAE) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 580,732 shares of the aerospace company’s stock after selling 5,586 shares during the period. Massachusetts Financial Services Co. MA’s holdings in CAE were worth $8,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in CAE during the fourth quarter valued at about $9,378,000. Comerica Bank boosted its position in CAE by 12.0% in the fourth quarter. Comerica Bank now owns 15,196 shares of the aerospace company’s stock valued at $217,000 after buying an additional 1,630 shares in the last quarter. Prudential PLC acquired a new position in CAE during the fourth quarter valued at about $208,000. Dimensional Fund Advisors LP boosted its position in CAE by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 185,560 shares of the aerospace company’s stock valued at $2,592,000 after buying an additional 7,531 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in CAE by 100.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,202,600 shares of the aerospace company’s stock valued at $16,798,000 after buying an additional 601,900 shares in the last quarter. 57.74% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for CAE (NYSE:CAE)

CAE Inc (CAE) traded down 0.06% during mid-day trading on Friday, hitting $16.74. The stock had a trading volume of 22,598 shares. The firm has a market cap of $4.49 billion, a PE ratio of 24.02 and a beta of 0.85. The company has a 50-day moving average of $16.10 and a 200-day moving average of $15.05. CAE Inc has a 12-month low of $11.85 and a 12-month high of $16.95.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, May 31st. The aerospace company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. CAE had a return on equity of 13.96% and a net margin of 9.30%. The business had revenue of $734.70 million during the quarter, compared to the consensus estimate of $748.41 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts expect that CAE Inc will post $0.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.059 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.41%. This is a boost from CAE’s previous quarterly dividend of $0.06. CAE’s dividend payout ratio (DPR) is currently 33.80%.

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Several research analysts have recently issued reports on CAE shares. Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, April 18th. TD Securities cut CAE from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. CAE has a consensus rating of “Hold” and an average price target of $19.00.

CAE Company 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.

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