Pekin Singer Strauss Asset Management IL acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) during the second quarter, Holdings Channel reports. The fund acquired 238,635 shares of the aerospace company’s stock, valued at approximately $4,350,000.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $101,000. JFS Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 470 shares during the period. Global X Management Co. LLC boosted its stake in shares of 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 period. PNC Financial Services Group Inc. boosted its stake in shares of 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 period. Finally, Driehaus Capital Management LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 49.67% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) opened at 20.82 on Friday. The firm has a market cap of $15.30 billion, a PE ratio of 55.67 and a beta of 0.37. 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 is $19.58 and its 200-day moving average is $20.92.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.18. The firm had revenue of $1.77 billion during 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 was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. Equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post $1.68 earnings per share for the current 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 $0.0489 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is 14.69%.

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Several analysts recently commented on the stock. TheStreet upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research note on Thursday. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. 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 objective for the company from $26.00 to $18.00 in a research note on Thursday. Finally, Zacks Investment Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.60.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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

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