Sarasin & Partners LLP Has $28 Million Stake in Embraer-Empresa Brasileira de Aeronautica (ERJ)

Sarasin & Partners LLP increased its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,535,868 shares of the aerospace company’s stock after buying an additional 3,182 shares during the period. Sarasin & Partners LLP owned about 0.21% of Embraer-Empresa Brasileira de Aeronautica worth $27,999,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ERJ. Quantbot Technologies LP acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at $101,000. 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 valued at $121,000 after buying an additional 470 shares during the last quarter. Global X Management Co. LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 2.3% in the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock valued at $137,000 after buying an additional 169 shares during 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 valued at $199,000 after buying an additional 152 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 126.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,643 shares of the aerospace company’s stock valued at $204,000 after buying an additional 6,500 shares during the last quarter. 49.84% of the stock is owned by institutional investors and hedge funds.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) opened at 21.01 on Tuesday. The firm has a 50-day moving average price of $19.64 and a 200-day moving average price of $20.87. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $17.06 and a 52 week high of $24.95. The stock has a market cap of $15.44 billion, a PE ratio of 56.18 and a beta of 0.37.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.18. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate 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 revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. On average, analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.68 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were issued a $0.0489 dividend. 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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ERJ has been the subject of several recent analyst reports. Zacks Investment Research cut Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. ValuEngine cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Cowen and Company cut Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $27.00 to $24.00 in a research note on Wednesday, June 21st. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and decreased their target price for the stock from $26.00 to $18.00 in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of “Buy” and an average target price of $21.60.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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Institutional Ownership by Quarter for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

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