Embraer-Empresa Brasileira de Aeronautica (ERJ) Stake Increased by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 380,599 shares of the aerospace company’s stock after acquiring an additional 13,558 shares during the quarter. Northern Trust Corp owned about 0.21% of Embraer-Empresa Brasileira de Aeronautica worth $6,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ERJ. Brandes Investment Partners LP lifted its position in Embraer-Empresa Brasileira de Aeronautica by 6.6% during the 2nd quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock worth $361,824,000 after acquiring an additional 1,227,021 shares during the period. Franklin Resources Inc. boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 45.0% in the second quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock valued at $51,852,000 after acquiring an additional 883,361 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 10.1% during the second 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 in the last quarter. Holowesko Partners Ltd. lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 20.9% during the second 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 in the last quarter. Finally, FMR LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 66.8% during the first quarter. FMR LLC now owns 1,074,942 shares of the aerospace company’s stock worth $23,735,000 after purchasing an additional 430,642 shares in the last quarter. 51.71% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on ERJ shares. Credit Suisse Group raised Embraer-Empresa Brasileira de Aeronautica from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 26th. ValuEngine cut shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. BidaskClub raised shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Finally, Cowen and Company reiterated a “hold” rating and issued a $24.00 price target on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of “Hold” and an average target price of $21.67.

Embraer-Empresa Brasileira de Aeronautica (ERJ) opened at $19.18 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67. The company has a market cap of $3,472.63, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 0.62 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a one year low of $17.58 and a one year high of $24.95.

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

TRADEMARK VIOLATION WARNING: This news story was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/11/22/embraer-empresa-brasileira-de-aeronautica-erj-holdings-boosted-by-northern-trust-corp.html.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.

Latest News

Leave a Reply