Profund Advisors LLC cut its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 16.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,995 shares of the aerospace company’s stock after selling 4,160 shares during the period. Profund Advisors LLC’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ERJ. Brandes Investment Partners LP lifted its position in Embraer-Empresa Brasileira de Aeronautica by 6.6% during the 2nd quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock worth $361,824,000 after acquiring an additional 1,227,021 shares in the last quarter. Franklin Resources Inc. lifted its position in Embraer-Empresa Brasileira de Aeronautica by 45.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock worth $51,852,000 after acquiring an additional 883,361 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Embraer-Empresa Brasileira de Aeronautica by 10.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock worth $148,947,000 after acquiring an additional 747,735 shares in the last quarter. Holowesko Partners Ltd. lifted its position in Embraer-Empresa Brasileira de Aeronautica by 20.9% during the 2nd quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock worth $70,062,000 after acquiring an additional 665,000 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $9,848,000. 50.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) opened at 22.55 on Friday. The stock has a market capitalization of $16.57 billion, a P/E ratio of 61.44 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.06 and a 12-month high of $24.95. The firm’s 50-day moving average price is $22.73 and its 200 day moving average price is $20.73.

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

The firm also recently announced a special dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, September 20th will be paid a dividend of $0.0516 per share. This is an increase 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 dividend payout ratio is presently 17.48%.

Several equities analysts recently commented on ERJ shares. Cowen and Company lowered Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $27.00 to $24.00 in a research report on Wednesday, June 21st. BidaskClub raised Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research 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. ValuEngine upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $26.00 to $18.00 in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $20.50.

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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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