Henry James International Management Inc. Buys New Holdings in Cae Inc (CAE)

Henry James International Management Inc. bought a new position in Cae Inc (NYSE:CAE) (TSE:CAE) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 134,602 shares of the aerospace company’s stock, valued at approximately $2,735,000. CAE comprises about 1.0% of Henry James International Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Henry James International Management Inc. owned about 0.05% of CAE at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CAE. Dundas Partners LLP bought a new stake in shares of CAE in the third quarter worth about $24,310,000. Canada Pension Plan Investment Board increased its holdings in shares of CAE by 141.2% in the second quarter. Canada Pension Plan Investment Board now owns 1,732,081 shares of the aerospace company’s stock worth $35,960,000 after purchasing an additional 1,013,850 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of CAE by 8.6% in the third quarter. Mackenzie Financial Corp now owns 9,095,892 shares of the aerospace company’s stock worth $184,829,000 after purchasing an additional 721,121 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of CAE by 81.9% in the second quarter. Russell Investments Group Ltd. now owns 1,084,053 shares of the aerospace company’s stock worth $22,280,000 after purchasing an additional 488,042 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of CAE by 12,954.7% in the second quarter. Envestnet Asset Management Inc. now owns 454,566 shares of the aerospace company’s stock worth $9,441,000 after purchasing an additional 451,084 shares during the last quarter. 48.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CAE opened at $19.51 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. Cae Inc has a 1-year low of $16.84 and a 1-year high of $21.70. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 2.07 and a beta of 0.84.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Tuesday, November 13th. The aerospace company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. CAE had a return on equity of 13.36% and a net margin of 11.83%. The company had revenue of $743.80 million for the quarter, compared to analysts’ expectations of $661.29 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. As a group, analysts predict that Cae Inc will post 0.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.076 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.30 annualized dividend and a yield of 1.56%. CAE’s payout ratio is currently 34.48%.

Several brokerages have recently issued reports on CAE. Scotiabank reaffirmed an “average” rating and issued a $31.50 target price on shares of CAE in a report on Monday, December 3rd. CIBC reaffirmed an “average” rating and issued a $29.00 target price on shares of CAE in a report on Monday, November 26th. Desjardins reissued an “average” rating and set a $31.00 price objective on shares of CAE in a research note on Monday, November 19th. Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, November 16th. Finally, ValuEngine raised CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. CAE presently has an average rating of “Buy” and an average price target of $28.38.

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About CAE

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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