Capstone Asset Management Co. decreased its stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,573 shares of the aerospace company’s stock after selling 1,140 shares during the period. Capstone Asset Management Co.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at $101,000. Global X Management Co. LLC raised its position in Embraer-Empresa Brasileira de Aeronautica by 1.4% in the first quarter. Global X Management Co. LLC now owns 7,352 shares of the aerospace company’s stock valued at $162,000 after buying an additional 103 shares during the last quarter. PNC Financial Services Group Inc. raised its position 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 buying an additional 152 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at $211,000. Finally, Traynor Capital Management Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at $226,000. 49.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded up 0.24% on Friday, reaching $20.82. 1,398,211 shares of the company’s stock were exchanged. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $17.06 and a 52-week high of $24.95. The company’s 50 day moving average price is $19.58 and its 200-day moving average price is $20.92. The stock has a market cap of $15.30 billion, a P/E ratio of 55.67 and a beta of 0.37.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 11.02% and a net margin of 4.15%. The company’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 EPS. Equities analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.68 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.0489 per share. The ex-dividend date was Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is 14.69%.

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A number of brokerages have weighed in on ERJ. Cowen and Company lowered shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and cut their price target for the company from $27.00 to $24.00 in a research note on Wednesday, June 21st. ValuEngine lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. Finally, TheStreet raised shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of “Buy” and a consensus 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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