Embraer-Empresa Brasileira de Aeronautica (ERJ) Shares Sold by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. lessened its stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 49.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,200 shares of the aerospace company’s stock after selling 50,000 shares during the period. Comgest Global Investors S.A.S.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock valued at $199,000 after acquiring an additional 152 shares in the last quarter. Global X Management Co. LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 2.3% in the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 169 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 7.6% in the second quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 470 shares in the last quarter. American Trust Investment Advisors LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 0.5% in the second quarter. American Trust Investment Advisors LLC now owns 160,035 shares of the aerospace company’s stock valued at $2,917,000 after acquiring an additional 765 shares in the last quarter. Finally, First Allied Advisory Services Inc. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 11.4% in the second quarter. First Allied Advisory Services Inc. now owns 20,114 shares of the aerospace company’s stock valued at $367,000 after acquiring an additional 2,061 shares in the last quarter. Institutional investors own 56.73% of the company’s stock.

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Several research firms have issued reports on ERJ. 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 downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. Goldman Sachs Group, Inc. (The) downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and decreased their price objective for the company from $26.00 to $18.00 in a research note on Thursday, August 10th. Cowen and Company reaffirmed a “hold” rating and issued a $22.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, October 30th. Finally, ValuEngine raised shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.67.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) traded down $0.37 during trading hours on Wednesday, hitting $18.59. 939,400 shares of the stock were exchanged, compared to its average volume of 1,258,167. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $17.58 and a 1-year high of $24.95. The company has a quick ratio of 1.73, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $3,430.00, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.62 and a beta of 0.34.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its earnings results on Friday, October 27th. The aerospace company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.63% and a return on equity of 10.65%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.34 billion. equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 1.81 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which was paid on Monday, October 16th. Investors of record on Wednesday, September 20th were issued a dividend of $0.0516 per share. This is a boost from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date of this dividend was Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is currently 11.47%.

Embraer-Empresa Brasileira de Aeronautica Profile

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

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