Artisan Partners Limited Partnership bought a new position in CAE Inc (NYSE:CAE) (TSE:CAE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 561,734 shares of the aerospace company’s stock, valued at approximately $9,828,000. Artisan Partners Limited Partnership owned about 0.21% of CAE as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc. increased its position in shares of CAE by 2.0% in the 3rd quarter. TD Asset Management Inc. now owns 6,732,235 shares of the aerospace company’s stock worth $117,511,000 after purchasing an additional 134,343 shares during the last quarter. Vanguard Group Inc. grew its position in shares of CAE by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock valued at $101,740,000 after buying an additional 266,410 shares during the last quarter. CIBC World Markets Inc. grew its position in shares of CAE by 23.5% during the 2nd quarter. CIBC World Markets Inc. now owns 2,143,727 shares of the aerospace company’s stock valued at $36,958,000 after buying an additional 407,235 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of CAE by 25.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,161,800 shares of the aerospace company’s stock valued at $20,008,000 after buying an additional 232,702 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of CAE by 36.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,117,105 shares of the aerospace company’s stock valued at $19,258,000 after buying an additional 300,070 shares during the last quarter. 52.41% of the stock is owned by institutional investors.

Shares of CAE Inc (NYSE:CAE) opened at $17.39 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 1.69. CAE Inc has a 1 year low of $13.75 and a 1 year high of $18.25. The firm has a market cap of $4,781.19, a PE ratio of 22.86, a P/E/G ratio of 2.12 and a beta of 0.86.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.0709 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, December 14th. CAE’s dividend payout ratio is presently 38.67%.

A number of equities research analysts recently weighed in on CAE shares. BidaskClub downgraded shares of CAE from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. AltaCorp Capital reaffirmed a “hold” rating and set a $21.00 price objective on shares of CAE in a research report on Sunday, November 12th. BMO Capital Markets raised shares of 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. Finally, ValuEngine downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.33.

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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.

Institutional Ownership by Quarter for CAE (NYSE:CAE)

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