Oppenheimer Asset Management Inc. Takes Position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Oppenheimer Asset Management Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 62,883 shares of the aerospace company’s stock, valued at approximately $1,388,000.

Other large investors have also modified their holdings of the company. Comerica Bank raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 4.4% in the fourth quarter. Comerica Bank now owns 12,160 shares of the aerospace company’s stock worth $254,000 after buying an additional 508 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Embraer-Empresa Brasileira de Aeronautica by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,758,464 shares of the aerospace company’s stock valued at $53,106,000 after buying an additional 150,175 shares during the last quarter. FMR LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 112.4% in the fourth quarter. FMR LLC now owns 644,300 shares of the aerospace company’s stock valued at $12,403,000 after buying an additional 341,000 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $941,000. Finally, Franklin Resources Inc. increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.0% in the fourth quarter. Franklin Resources Inc. now owns 2,014,037 shares of the aerospace company’s stock valued at $38,770,000 after buying an additional 18,954 shares during the period. 49.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) traded down 0.77% during midday trading on Tuesday, reaching $19.35. The company had a trading volume of 897,699 shares. The stock has a market capitalization of $14.23 billion, a PE ratio of 141.24 and a beta of 0.35. The company’s 50-day moving average is $19.34 and its 200-day moving average is $20.95. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $17.06 and a 1-year high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its earnings results on Tuesday, May 2nd. The aerospace company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 1.76% and a return on equity of 9.15%. On average, equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.83 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.0489 per share. The ex-dividend date is Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is 36.84%.

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Several brokerages have recently issued reports on ERJ. TheStreet cut shares of Embraer-Empresa Brasileira de Aeronautica from a “b-” rating to a “c+” rating in a research note on Wednesday, April 5th. Cowen and Company restated a “buy” rating and set a $27.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 13th. Zacks Investment Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a report on Thursday, May 11th. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.00.

About Embraer-Empresa Brasileira de Aeronautica

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

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