Russell Investments Group Ltd. Grows Holdings in Embraer-Empresa Brasileira de Aeronautica (ERJ)

Russell Investments Group Ltd. raised its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 2.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,367,438 shares of the aerospace company’s stock after acquiring an additional 55,637 shares during the period. Russell Investments Group Ltd. owned about 1.29% of Embraer-Empresa Brasileira de Aeronautica worth $53,524,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 555,810 shares of the aerospace company’s stock valued at $12,566,000 after acquiring an additional 6,198 shares in the last quarter. Cambiar Investors LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter valued at approximately $560,000. Sei Investments Co. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 884.7% in the 3rd quarter. Sei Investments Co. now owns 68,429 shares of the aerospace company’s stock valued at $1,547,000 after acquiring an additional 61,480 shares in the last quarter. Well Done LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the 3rd quarter valued at approximately $293,000. Finally, Community Financial Services Group LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 1.3% in the 3rd quarter. Community Financial Services Group LLC now owns 246,515 shares of the aerospace company’s stock valued at $5,573,000 after acquiring an additional 3,275 shares in the last quarter. Hedge funds and other institutional investors own 56.73% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) opened at $18.78 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67. The firm has a market capitalization of $3,448.76, a P/E ratio of 7.99, a P/E/G ratio of 0.61 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $17.58 and a 1-year high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 10.65% and a net margin of 6.63%. analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 1.81 earnings per share for the current fiscal year.

ERJ has been the topic of several research reports. Credit Suisse Group upgraded Embraer-Empresa Brasileira de Aeronautica from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 26th. ValuEngine cut Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Finally, Cowen and Company reiterated a “hold” rating and set a $24.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.67.

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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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