Embraer-Empresa Brasileira de Aeronautica (ERJ) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 98.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,949 shares of the aerospace company’s stock after selling 468,140 shares during the quarter. Sei Investments Co.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $127,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ERJ. Profund Advisors LLC lifted its holdings in shares of 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 valued at $555,000 after buying an additional 12,549 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of 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 valued at $2,625,000 after buying an additional 35,112 shares during the period. Great West Life Assurance Co. Can acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at $460,000. Boston Partners lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 54.4% in the first quarter. Boston Partners now owns 154,410 shares of the aerospace company’s stock valued at $3,409,000 after buying an additional 54,410 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.6% in the first quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock valued at $236,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 50.77% of the company’s stock.

ERJ has been the subject of several research analyst reports. Zacks Investment Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub raised Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Cowen and Company reaffirmed a “hold” rating and set a $24.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Tuesday, July 11th. ValuEngine downgraded Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, TheStreet raised Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.60.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) opened at 23.56 on Wednesday. The stock has a market capitalization of $17.31 billion, a P/E ratio of 64.02 and a beta of 0.34. 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 price is $21.37 and its 200 day moving average price is $20.73.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 11.02% and a net margin of 4.15%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.61 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, September 20th will be paid a dividend of $0.0516 per share. The ex-dividend date is Tuesday, September 19th. This is a boost from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is 14.69%.

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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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