Vanguard Group Inc. boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 3.2% during the first quarter, Holdings Channel reports. The firm owned 2,102,410 shares of the aerospace company’s stock after buying an additional 65,411 shares during the period. Vanguard Group Inc.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $46,421,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Brandes Investment Partners LP increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.3% in the first quarter. Brandes Investment Partners LP now owns 18,620,707 shares of the aerospace company’s stock valued at $411,145,000 after buying an additional 242,338 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 20.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 7,422,694 shares of the aerospace company’s stock valued at $163,893,000 after buying an additional 1,253,167 shares during the period. FMR LLC increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 66.8% in the first 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. Acadian Asset Management LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $18,095,000. Finally, Sei Investments Co. increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 4,741.9% in the first quarter. Sei Investments Co. now owns 475,089 shares of the aerospace company’s stock valued at $10,490,000 after buying an additional 465,277 shares during the period. 49.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) traded up 0.24% during trading on Friday, hitting $20.82. 1,398,211 shares of the company traded hands. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $17.06 and a 52 week high of $24.95. The company has a 50 day moving average price of $19.58 and a 200 day moving average price of $20.92. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 55.67 and a beta of 0.37.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the business posted $0.24 EPS. The business’s revenue was up 29.5% compared to the same quarter last year. On average, analysts expect that Embraer-Empresa Brasileira de Aeronautica will post $1.68 earnings per share for the current year.

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

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ERJ has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine raised shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and set a $24.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and reduced their price target for the company from $26.00 to $18.00 in a research report on Thursday. Finally, TheStreet upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $21.60.

About Embraer-Empresa Brasileira de Aeronautica

Want to see what other hedge funds are holding ERJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ).

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

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