First Allied Advisory Services Inc. grew its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,114 shares of the aerospace company’s stock after purchasing an additional 2,061 shares during the period. First Allied Advisory Services Inc.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $367,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Holowesko Partners Ltd. increased its position in Embraer-Empresa Brasileira de Aeronautica by 20.9% in the 2nd quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock worth $70,062,000 after purchasing an additional 665,000 shares during the last quarter. Comgest Global Investors S.A.S. increased its position in Embraer-Empresa Brasileira de Aeronautica by 9.6% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 101,200 shares of the aerospace company’s stock worth $1,845,000 after purchasing an additional 8,900 shares during the last quarter. JPMorgan Chase & Co. increased its position in Embraer-Empresa Brasileira de Aeronautica by 671.2% in the 1st quarter. JPMorgan Chase & Co. now owns 469,856 shares of the aerospace company’s stock worth $10,374,000 after purchasing an additional 408,928 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 10.1% in 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 purchasing an additional 747,735 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in Embraer-Empresa Brasileira de Aeronautica by 214.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 123,390 shares of the aerospace company’s stock worth $2,249,000 after purchasing an additional 84,183 shares during the last quarter. 50.79% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the company. Cowen and Company reiterated a “hold” rating and set a $24.00 price target on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, September 6th. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. TheStreet upgraded Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research note on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and decreased their price target for the stock from $26.00 to $18.00 in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Embraer-Empresa Brasileira de Aeronautica currently has an average rating of “Hold” and an average price target of $20.50.

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Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) opened at 22.71 on Friday. The company has a market cap of $16.69 billion, a P/E ratio of 61.88 and a beta of 0.34. 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 $22.78 and its 200 day moving average price is $20.71.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings results on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the company posted $0.24 earnings per share. Embraer-Empresa Brasileira de Aeronautica’s quarterly revenue was up 29.5% on a year-over-year basis. On average, equities analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.62 EPS for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, September 20th will be issued a dividend of $0.0516 per share. The ex-dividend date is Tuesday, September 19th. This is a boost from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is presently 17.48%.

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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