Embraer-Empresa Brasileira de Aeronautica (ERJ) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,862 shares of the aerospace company’s stock after purchasing an additional 2,979 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $1,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ERJ. Quantbot Technologies LP bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at about $101,000. JFS Wealth Advisors LLC raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 7.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock valued at $121,000 after purchasing an additional 470 shares during the period. Global X Management Co. LLC raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 2.3% in the 2nd quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 169 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock valued at $199,000 after purchasing an additional 152 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 126.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,643 shares of the aerospace company’s stock valued at $204,000 after purchasing an additional 6,500 shares during the period. 50.77% of the stock is currently owned by institutional investors.

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A number of brokerages have recently issued reports on ERJ. Cowen and Company reaffirmed a “hold” rating and issued a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Wednesday. ValuEngine cut shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub raised shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. TheStreet raised shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and lowered their price target for the company from $26.00 to $18.00 in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $21.60.

Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) opened at 23.56 on Friday. The firm has a 50-day moving average of $21.26 and a 200 day moving average of $20.77. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.06 and a 12-month high of $24.95. The company has a market capitalization of $17.31 billion, a PE ratio of 64.02 and a beta of 0.34.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.49 by $0.18. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.61 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, September 20th will be given a $0.0516 dividend. This is a positive change from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date is Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is currently 14.69%.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Institutional Ownership by Quarter for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

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