NGAM Advisors L.P. reduced its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 60,673 shares of the aerospace company’s stock after selling 3,151 shares during the period. NGAM Advisors L.P.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $1,106,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brandes Investment Partners LP boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 1.3% in the first quarter. Brandes Investment Partners LP now owns 18,620,707 shares of the aerospace company’s stock valued at $411,145,000 after buying an additional 242,338 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 20.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 7,422,694 shares of the aerospace company’s stock valued at $163,893,000 after buying an additional 1,253,167 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 14.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,148,769 shares of the aerospace company’s stock valued at $69,538,000 after buying an additional 390,305 shares in the last quarter. Vanguard Group Inc. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 3.2% in the first quarter. Vanguard Group Inc. now owns 2,102,410 shares of the aerospace company’s stock valued at $46,421,000 after buying an additional 65,411 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 2.6% in the first quarter. Renaissance Technologies LLC now owns 1,493,500 shares of the aerospace company’s stock valued at $32,976,000 after buying an additional 37,300 shares in the last quarter. 49.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) opened at 21.62 on Thursday. The firm has a 50-day moving average of $19.81 and a 200 day moving average of $20.86. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $17.06 and a 52 week high of $24.95. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 57.81 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. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, equities analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.62 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were paid a $0.0489 dividend. The ex-dividend date was Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is 14.69%.

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Several equities research analysts recently commented on ERJ shares. Zacks Investment Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. ValuEngine raised shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and cut their price objective for the company from $26.00 to $18.00 in a research report on Thursday, August 10th. Finally, TheStreet raised shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Embraer-Empresa Brasileira de Aeronautica currently 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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