Lenox Wealth Management Inc. Buys 48,156 Shares of CAE Inc (CAE)
Lenox Wealth Management Inc. grew its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 52.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,135 shares of the aerospace company’s stock after buying an additional 48,156 shares during the quarter. CAE accounts for approximately 0.8% of Lenox Wealth Management Inc.’s portfolio, making the stock its 27th largest holding. Lenox Wealth Management Inc. owned about 0.05% of CAE worth $2,439,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. TD Asset Management Inc. grew its stake in shares of CAE by 2.0% during the third quarter. TD Asset Management Inc. now owns 6,732,235 shares of the aerospace company’s stock valued at $117,511,000 after buying an additional 134,343 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CAE by 4.7% during the second 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 stake in shares of CAE by 23.5% during the second 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 stake in shares of CAE by 25.0% during the second 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 stake in shares of CAE by 36.7% during the second 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 currently owned by hedge funds and other institutional investors.
Shares of CAE Inc (NYSE CAE) opened at $17.40 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 1.69. The firm has a market cap of $4,663.20, a PE ratio of 22.30, a PEG ratio of 2.07 and a beta of 0.86. CAE Inc has a 1-year low of $13.75 and a 1-year high of $18.25.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.0709 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.63%. CAE’s dividend payout ratio is currently 38.67%.
A number of research analysts have recently issued reports on the company. ValuEngine cut CAE from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. AltaCorp Capital reiterated a “hold” rating and set a $21.00 target price on shares of CAE in a report on Sunday, November 12th. BMO Capital Markets upgraded shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Wednesday, August 30th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of CAE from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. CAE presently has an average 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.
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