Glovista Investments LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 39,585 shares of the aerospace company’s stock, valued at approximately $1,279,000.

Several other large investors have also bought and sold shares of ERJ. Quantbot Technologies LP acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at about $101,000. JFS Wealth Advisors LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 7.6% during the 2nd 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 during the period. Global X Management Co. LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 2.3% during the 2nd 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 during the period. PNC Financial Services Group Inc. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% during the 1st 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 during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 126.4% during 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 acquiring an additional 6,500 shares during the period. Hedge funds and other institutional investors own 50.73% of the company’s stock.

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Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) traded down 0.26% on Friday, hitting $22.61. The stock had a trading volume of 799,137 shares. Embraer-Empresa Brasileira de Aeronautica has a one year low of $17.06 and a one year high of $24.95. The stock has a market cap of $16.61 billion, a PE ratio of 61.61 and a beta of 0.34. The company’s 50 day moving average is $22.02 and its 200 day moving average is $20.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.18. The company 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%. Embraer-Empresa Brasileira de Aeronautica’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS. Equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.61 EPS for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, September 20th will be issued a $0.0516 dividend. The ex-dividend date is Tuesday, September 19th. This is a positive change from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is 17.48%.

Several research firms recently issued reports on ERJ. ValuEngine cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Cowen and Company cut Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $27.00 to $24.00 in a report on Wednesday, June 21st. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $26.00 to $18.00 in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.60.

About Embraer-Empresa Brasileira de Aeronautica

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

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