Holowesko Partners Ltd. Buys 665,000 Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ)

Holowesko Partners Ltd. lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 20.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,843,250 shares of the aerospace company’s stock after purchasing an additional 665,000 shares during the period. Embraer-Empresa Brasileira de Aeronautica comprises 4.7% of Holowesko Partners Ltd.’s investment portfolio, making the stock its 9th biggest position. Holowesko Partners Ltd. owned about 2.08% of Embraer-Empresa Brasileira de Aeronautica worth $70,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ERJ. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 20.3% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 7,422,694 shares of the aerospace company’s stock worth $163,893,000 after purchasing an additional 1,253,167 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 6.6% during the second quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock worth $361,824,000 after purchasing an additional 1,227,021 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 45.0% during the second quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock worth $51,852,000 after purchasing an additional 883,361 shares in the last quarter. Sei Investments Co. increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 4,741.9% during the first quarter. Sei Investments Co. now owns 475,089 shares of the aerospace company’s stock worth $10,490,000 after purchasing an additional 465,277 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $9,848,000. 50.77% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) traded up 0.08% during trading on Friday, reaching $23.56. 696,049 shares of the company were exchanged. The firm has a market capitalization of $17.31 billion, a PE ratio of 64.02 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $17.06 and a 12 month high of $24.95. The stock has a 50 day moving average price of $21.26 and a 200 day moving average price of $20.77.

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, beating the Zacks’ consensus estimate of $0.49 by $0.18. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate 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 business’s revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. On average, analysts expect that Embraer-Empresa Brasileira de Aeronautica will post $1.61 EPS for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th will be issued a $0.0516 dividend. The ex-dividend date is Tuesday, September 19th. This is an increase from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is currently 14.69%.

A number of analysts have recently commented on the stock. Cowen and Company reissued a “hold” rating and set a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday. ValuEngine cut shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. 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. TheStreet raised shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research note on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) cut 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 note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $21.60.

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About Embraer-Empresa Brasileira de Aeronautica

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

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