CAE Inc (CAE) Holdings Held by PDT Partners LLC
PDT Partners LLC continued to hold its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,900 shares of the aerospace company’s stock at the close of the 2nd quarter. PDT Partners LLC’s holdings in CAE were worth $1,014,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of CAE. Advisor Group Inc. boosted its holdings in CAE by 89.8% in the 2nd quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock worth $122,000 after buying an additional 3,354 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in CAE by 0.7% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock worth $130,000 after buying an additional 57 shares during the last quarter. Trexquant Investment LP acquired a new stake in CAE in the 1st quarter worth about $173,000. US Bancorp DE boosted its holdings in CAE by 38.1% in the 2nd quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock worth $207,000 after buying an additional 3,311 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in CAE in the 2nd quarter worth about $225,000. Institutional investors own 53.42% of the company’s stock.
CAE Inc (NYSE:CAE) opened at 17.22 on Friday. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 22.78 and a beta of 0.87. CAE Inc has a 1-year low of $13.75 and a 1-year high of $17.88. The firm has a 50-day moving average of $16.65 and a 200-day moving average of $16.33.
CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, August 10th. The aerospace company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $699.00 million during the quarter, compared to analyst estimates of $699.76 million. CAE had a net margin of 8.96% and a return on equity of 13.24%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. Equities research analysts anticipate that CAE Inc will post $0.87 EPS for the current 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 $0.071 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from CAE’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.65%. CAE’s dividend payout ratio is currently 41.43%.
CAE has been the topic of several research analyst reports. BMO Capital Markets upgraded CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a report on Wednesday, August 30th. They noted that the move was a valuation call. BidaskClub cut CAE from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Zacks Investment Research upgraded CAE from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $20.67.
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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