Toronto Dominion Bank Decreases Stake in Cae Inc (NYSE:CAE)

Toronto Dominion Bank lowered its stake in Cae Inc (NYSE:CAE) (TSE:CAE) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,175,494 shares of the aerospace company’s stock after selling 203,895 shares during the period. Toronto Dominion Bank’s holdings in CAE were worth $58,571,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Zions Bancorporation N.A. purchased a new stake in shares of CAE during the first quarter valued at $28,000. Parallel Advisors LLC lifted its position in CAE by 33.7% during the 2nd quarter. Parallel Advisors LLC now owns 5,362 shares of the aerospace company’s stock worth $144,000 after acquiring an additional 1,353 shares during the period. First Bank & Trust lifted its position in CAE by 22.2% during the 2nd quarter. First Bank & Trust now owns 6,776 shares of the aerospace company’s stock worth $182,000 after acquiring an additional 1,229 shares during the period. Bluestein R H & Co. purchased a new stake in CAE during the 1st quarter valued at about $210,000. Finally, BB&T Securities LLC grew its stake in CAE by 5.7% during the 2nd quarter. BB&T Securities LLC now owns 12,822 shares of the aerospace company’s stock valued at $344,000 after purchasing an additional 695 shares during the last quarter. Institutional investors and hedge funds own 51.67% of the company’s stock.

CAE traded down $0.01 during midday trading on Wednesday, hitting $25.23. 8,612 shares of the company were exchanged, compared to its average volume of 266,445. The company’s 50 day simple moving average is $26.19 and its 200 day simple moving average is $24.68. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 2.77 and a beta of 0.82. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 1.03. Cae Inc has a 1-year low of $16.96 and a 1-year high of $28.03.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The company had revenue of $825.60 million for the quarter, compared to analysts’ expectations of $849.39 million. CAE had a net margin of 9.45% and a return on equity of 13.94%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. On average, equities analysts anticipate that Cae Inc will post 1.02 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.083 per share. This represents a $0.33 annualized dividend and a yield of 1.32%. This is a positive change from CAE’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 12th. CAE’s dividend payout ratio (DPR) is 31.58%.

A number of research analysts have recently weighed in on the company. BMO Capital Markets lowered CAE from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st. CIBC reiterated a “hold” rating and issued a $37.00 target price on shares of CAE in a research report on Wednesday, May 22nd. Scotiabank upgraded shares of CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Friday, August 30th. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Raymond James reissued a “hold” rating on shares of CAE in a research report on Friday, August 16th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. CAE presently has a consensus rating of “Hold” and a consensus target price of $34.00.

CAE Profile

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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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