Lazard Asset Management LLC lifted its holdings in shares of Cae Inc (NYSE:CAE) (TSE:CAE) by 398.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 606,691 shares of the aerospace company’s stock after buying an additional 484,997 shares during the period. Lazard Asset Management LLC’s holdings in CAE were worth $13,438,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in CAE by 1,352.9% in the third quarter. JPMorgan Chase & Co. now owns 294,726 shares of the aerospace company’s stock valued at $5,989,000 after purchasing an additional 274,441 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in CAE by 8.9% during the 4th quarter. Advisors Asset Management Inc. now owns 133,591 shares of the aerospace company’s stock worth $2,451,000 after buying an additional 10,865 shares during the last quarter. Parallel Advisors LLC lifted its holdings in CAE by 786.5% during the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the aerospace company’s stock worth $67,000 after buying an additional 3,264 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in CAE by 19.0% during the 4th quarter. Mackenzie Financial Corp now owns 10,827,586 shares of the aerospace company’s stock worth $198,686,000 after buying an additional 1,731,694 shares during the last quarter. Finally, Henry James International Management Inc. lifted its holdings in CAE by 16.8% during the 4th quarter. Henry James International Management Inc. now owns 157,176 shares of the aerospace company’s stock worth $2,884,000 after buying an additional 22,574 shares during the last quarter. Institutional investors own 47.22% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research raised CAE from a “sell” rating to a “hold” rating in a report on Friday, May 17th. CIBC reaffirmed a “hold” rating and set a $37.00 target price on shares of CAE in a report on Wednesday, May 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 target price on shares of CAE in a report on Tuesday, April 30th. Desjardins downgraded CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.70.

NYSE:CAE opened at $25.26 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.79 and a current ratio of 1.10. Cae Inc has a 52 week low of $16.96 and a 52 week high of $27.42. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.45 and a beta of 0.79.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Friday, May 17th. The aerospace company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $945.05 million. CAE had a return on equity of 14.34% and a net margin of 9.98%. CAE’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. On average, research analysts forecast that Cae Inc will post 1.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.0742 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, June 13th. CAE’s dividend payout ratio (DPR) is 31.58%.

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CAE Company 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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