Morgan Stanley cut its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 5.7% during the first quarter, Holdings Channel reports. The fund owned 170,507 shares of the aerospace company’s stock after selling 10,329 shares during the period. Morgan Stanley’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $3,766,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ERJ. Fox Run Management L.L.C. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $872,000. Profund Advisors LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 99.5% in the first quarter. Profund Advisors LLC now owns 25,155 shares of the aerospace company’s stock worth $555,000 after buying an additional 12,549 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $18,095,000. Virtu Financial LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $232,000. Finally, Wells Fargo & Company MN increased its stake 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 worth $2,625,000 after buying an additional 35,112 shares during the last quarter. Institutional investors own 49.84% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) traded up 1.22% during midday trading on Wednesday, reaching $21.53. 133,322 shares of the company traded hands. Embraer-Empresa Brasileira de Aeronautica has a one year low of $17.06 and a one year high of $24.95. The stock’s 50 day moving average is $19.71 and its 200 day moving average is $20.85. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 57.57 and a beta of 0.37.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 11.02% and a net margin of 4.15%. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, equities analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post $1.66 earnings per share for the current year.

The firm also recently announced a special dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were issued a dividend of $0.0489 per share. The ex-dividend date was Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is presently 14.69%.

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Several research firms recently commented on ERJ. Zacks Investment Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. ValuEngine downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Cowen and Company downgraded shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $27.00 to $24.00 in a research report on Wednesday, June 21st. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and cut their target price for the stock from $26.00 to $18.00 in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued 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 “Buy” and a consensus target price of $21.60.

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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