BT Investment Management Ltd bought a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,379 shares of the aerospace company’s stock, valued at approximately $1,137,000.

A number of other large investors have also bought and sold shares of ERJ. Wells Fargo & Company MN increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 41.9% in the first quarter. Wells Fargo & Company MN now owns 118,846 shares of the aerospace company’s stock valued at $2,625,000 after buying an additional 35,112 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at $460,000. Comerica Bank boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 1.6% in the first quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock valued at $236,000 after acquiring an additional 198 shares in the last quarter. World Asset Management Inc boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 1.9% in the first quarter. World Asset Management Inc now owns 11,527 shares of the aerospace company’s stock valued at $255,000 after acquiring an additional 211 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at $415,000. 50.73% of the stock is currently owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) opened at 23.66 on Wednesday. The firm has a market cap of $17.38 billion, a P/E ratio of 84.20 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $17.06 and a 1-year high of $24.95. The firm has a 50-day moving average of $22.02 and a 200 day moving average of $20.76.

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

The business also recently announced a special dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th will be given a $0.0516 dividend. The ex-dividend date is Tuesday, September 19th. This is an increase from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is presently 14.69%.

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Several equities analysts have issued reports on ERJ shares. Zacks Investment Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Cowen and Company restated a “hold” rating and issued a $24.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Tuesday, July 11th. Finally, TheStreet upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $21.60.

About Embraer-Empresa Brasileira de Aeronautica

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

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