Embraer-Empresa Brasileira de Aeronautica (ERJ) Holdings Boosted by Legal & General Group Plc

Legal & General Group Plc raised its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 32.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,433 shares of the aerospace company’s stock after buying an additional 3,300 shares during the quarter. Legal & General Group Plc’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ERJ. Ameriprise Financial Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at about $9,848,000. FMR LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 66.8% in the 1st quarter. FMR LLC now owns 1,074,942 shares of the aerospace company’s stock valued at $23,735,000 after buying an additional 430,642 shares during the period. JPMorgan Chase & Co. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 671.2% in the 1st quarter. JPMorgan Chase & Co. now owns 469,856 shares of the aerospace company’s stock valued at $10,374,000 after buying an additional 408,928 shares during the period. Dimensional Fund Advisors LP increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 14.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,148,769 shares of the aerospace company’s stock valued at $69,538,000 after buying an additional 390,305 shares during the period. Finally, Pekin Singer Strauss Asset Management IL bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter valued at about $4,350,000. 50.79% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Cowen and Company lowered shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $27.00 to $24.00 in a report on Wednesday, June 21st. ValuEngine downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. TheStreet upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.50.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) opened at 22.39 on Thursday. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $17.41 and a 1-year high of $24.95. The firm has a market capitalization of $16.45 billion, a P/E ratio of 61.01 and a beta of 0.34. The stock has a 50 day moving average of $22.89 and a 200-day moving average of $20.69.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.18. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. Embraer-Empresa Brasileira de Aeronautica’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. On average, equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post $1.57 earnings per share for the current year.

The business also recently disclosed a special dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, September 20th will be given a $0.0516 dividend. This is a boost from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date of this dividend is Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is 17.48%.

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Embraer-Empresa Brasileira de Aeronautica Profile

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

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