IPG Investment Advisors LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 48.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 376,530 shares of the aerospace company’s stock after buying an additional 122,650 shares during the period. Embraer-Empresa Brasileira de Aeronautica accounts for approximately 2.8% of IPG Investment Advisors LLC’s portfolio, making the stock its 8th largest position. IPG Investment Advisors LLC owned approximately 0.05% of Embraer-Empresa Brasileira de Aeronautica worth $6,864,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Global X Management Co. LLC boosted its stake in 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 worth $162,000 after buying an additional 103 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in 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 worth $199,000 after buying an additional 152 shares in the last quarter. 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 worth $236,000 after buying 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 worth $255,000 after buying an additional 211 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in 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 worth $121,000 after buying an additional 470 shares in the last quarter. Institutional investors own 49.67% of the company’s stock.
Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) opened at 21.40 on Thursday. The firm has a market cap of $15.74 billion, a PE ratio of 57.22 and a beta of 0.37. The stock’s 50 day moving average price is $19.47 and its 200-day moving average price is $20.94. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $17.06 and a 52-week high of $24.95.
Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. The business had revenue of $1.77 billion for 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%. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 EPS. On average, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post $1.68 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were paid a dividend of $0.0489 per share. The ex-dividend date of this dividend was Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is 14.69%.
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A number of analysts have weighed in on the company. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research cut Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company restated a “hold” rating and issued a $24.00 price target on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Tuesday, July 11th. Finally, ValuEngine upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $22.60.
Embraer-Empresa Brasileira de Aeronautica Company Profile
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