Harel Insurance Investments & Financial Services Ltd. reduced its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 24.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,783 shares of the aerospace company’s stock after selling 2,860 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $199,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ERJ. JFS Wealth Advisors LLC lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 7.6% during the second quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 470 shares during the period. Global X Management Co. LLC lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 2.3% during the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock worth $137,000 after acquiring an additional 169 shares during the period. Seminole Management Co. Inc. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth $182,000. PNC Financial Services Group Inc. lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 1.7% during the first quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock worth $199,000 after acquiring an additional 152 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 32.6% during the second quarter. Legal & General Group Plc now owns 13,433 shares of the aerospace company’s stock worth $245,000 after acquiring an additional 3,300 shares during the period. Institutional investors and hedge funds own 50.67% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2017/11/08/embraer-empresa-brasileira-de-aeronautica-erj-position-reduced-by-harel-insurance-investments-financial-services-ltd.html.

A number of analysts recently commented on ERJ shares. Zacks Investment Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Santander lowered Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to an “underperform” rating in a research note on Monday, October 30th. Cowen and Company restated a “hold” rating and issued a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Hold” and an average target price of $21.67.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) traded down $0.11 on Wednesday, hitting $19.95. The company’s stock had a trading volume of 1,429,238 shares, compared to its average volume of 2,440,231. The company has a market capitalization of $3,680.15, a price-to-earnings ratio of 8.53, a PEG ratio of 0.65 and a beta of 0.34. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $17.58 and a 52-week high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 10.65% and a net margin of 6.63%. equities analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 1.81 EPS for the current year.

The business also recently declared a special dividend, which was paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th were given a $0.0516 dividend. The ex-dividend date of this dividend was 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 payout ratio is 11.31%.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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)

Receive News & Ratings for Embraer-Empresa Brasileira de Aeronautica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer-Empresa Brasileira de Aeronautica and related companies with MarketBeat.com's FREE daily email newsletter.