Embraer SA (NYSE:ERJ) Shares Sold by WCM Investment Management CA

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WCM Investment Management CA reduced its holdings in Embraer SA (NYSE:ERJ) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,916 shares of the aerospace company’s stock after selling 4,660 shares during the quarter. WCM Investment Management CA owned about 0.06% of Embraer worth $2,712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ERJ. Cambiar Investors LLC raised its holdings in Embraer by 9.8% during the second quarter. Cambiar Investors LLC now owns 27,544 shares of the aerospace company’s stock worth $686,000 after purchasing an additional 2,455 shares during the last quarter. Hanson & Doremus Investment Management raised its holdings in Embraer by 5.3% during the first quarter. Hanson & Doremus Investment Management now owns 66,501 shares of the aerospace company’s stock worth $1,729,000 after purchasing an additional 3,376 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Embraer by 5.8% during the first quarter. Great West Life Assurance Co. Can now owns 62,967 shares of the aerospace company’s stock worth $1,641,000 after purchasing an additional 3,443 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Embraer by 5.6% during the second quarter. Daiwa Securities Group Inc. now owns 87,860 shares of the aerospace company’s stock worth $2,188,000 after purchasing an additional 4,660 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Embraer by 66.5% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,763 shares of the aerospace company’s stock worth $293,000 after buying an additional 4,700 shares in the last quarter. 47.82% of the stock is owned by institutional investors and hedge funds.

ERJ has been the subject of several recent research reports. Morgan Stanley raised Embraer from an “equal” rating to an “overweight” rating and raised their price target for the stock from $20.90 to $23.50 in a research report on Thursday, August 16th. Bank of America reissued a “buy” rating and set a $37.00 price target on shares of Embraer in a research report on Tuesday, July 24th. Sanford C. Bernstein downgraded Embraer from a “market perform” rating to an “underperform” rating in a research report on Monday, October 1st. Citigroup raised Embraer to an “outperform” rating and raised their price target for the stock from $23.00 to $28.00 in a research report on Wednesday, September 26th. Finally, Bradesco Corretora raised Embraer from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $28.00 in a research report on Wednesday, September 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.10.

Shares of ERJ traded down $0.12 during midday trading on Friday, reaching $19.21. 1,113,303 shares of the company were exchanged, compared to its average volume of 1,203,797. The stock has a market cap of $3.59 billion, a PE ratio of 12.64, a P/E/G ratio of 8.60 and a beta of 0.07. Embraer SA has a 1-year low of $17.99 and a 1-year high of $28.55. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.38 and a quick ratio of 1.53.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Tuesday, July 31st. The aerospace company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.13). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.46 billion. Embraer had a return on equity of 2.78% and a net margin of 0.12%. The company’s revenue for the quarter was down 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, research analysts anticipate that Embraer SA will post 0.13 earnings per share for the current year.

The business also recently disclosed a special dividend, which will be paid on Thursday, October 18th. Shareholders of record on Thursday, September 27th will be paid a dividend of $0.0095 per share. This represents a dividend yield of 0.11%. The ex-dividend date of this dividend is Wednesday, September 26th. Embraer’s dividend payout ratio is presently 13.16%.

Embraer Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, and Other Related Businesses segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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