Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 46.4% in the fourth quarter, HoldingsChannel reports. The firm owned 48,418 shares of the aerospace company’s stock after selling 41,880 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CAE were worth $895,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in CAE by 89.8% during the 2nd quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 3,354 shares in the last quarter. Alliancebernstein L.P. increased its stake in CAE by 13.1% during the 2nd quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 2,568 shares in the last quarter. Port Capital LLC bought a new stake in CAE during the 4th quarter valued at about $511,000. Magnetar Financial LLC increased its stake in CAE by 50.3% during the 3rd quarter. Magnetar Financial LLC now owns 29,295 shares of the aerospace company’s stock valued at $513,000 after purchasing an additional 9,800 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of CAE in the second quarter worth approximately $561,000. Institutional investors and hedge funds own 52.12% of the company’s stock.

Shares of Cae Inc (NYSE:CAE) opened at $18.48 on Thursday. Cae Inc has a 12 month low of $14.48 and a 12 month high of $19.00. The company has a market cap of $4,980.00, a P/E ratio of 19.87, a PEG ratio of 2.20 and a beta of 0.79. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Friday, February 9th. The aerospace company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. CAE had a net margin of 17.02% and a return on equity of 22.67%. The firm had revenue of $704.40 million during the quarter, compared to analyst estimates of $729.98 million. During the same period in the previous year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts anticipate that Cae Inc will post 0.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.071 dividend. The ex-dividend date is Wednesday, March 14th. This is a positive change from CAE’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.54%. CAE’s payout ratio is currently 31.18%.

CAE announced that its Board of Directors has initiated a stock repurchase plan on Friday, February 9th that allows the company to buyback 5,350,000 shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

A number of analysts have recently commented on CAE shares. Zacks Investment Research lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Royal Bank of Canada upgraded shares of CAE from a “sector perform” rating to an “outperform” rating in a research note on Monday. ValuEngine lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, AltaCorp Capital reiterated a “hold” rating and issued a $21.00 price target on shares of CAE in a research note on Sunday, November 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. CAE presently has an average rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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