BNP Paribas Arbitrage SA Has $989,000 Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

BNP Paribas Arbitrage SA raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 277.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,246 shares of the aerospace company’s stock after buying an additional 39,857 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $989,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Global X Management Co. LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.4% during the first quarter. Global X Management Co. LLC now owns 7,352 shares of the aerospace company’s stock worth $162,000 after buying an additional 103 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% during the first quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock worth $199,000 after buying an additional 152 shares during the last quarter. Comerica Bank lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.6% during the first quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock worth $236,000 after buying an additional 198 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.9% during the first quarter. World Asset Management Inc now owns 11,527 shares of the aerospace company’s stock worth $255,000 after buying an additional 211 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 7.6% during the second quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock worth $121,000 after buying an additional 470 shares during the last quarter. Institutional investors own 50.73% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was first posted by BBNS and is owned by of BBNS. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://baseballnewssource.com/markets/bnp-paribas-arbitrage-sa-increases-position-in-embraer-empresa-brasileira-de-aeronautica-erj/1600421.html.

Embraer-Empresa Brasileira de Aeronautica (ERJ) opened at 23.06 on Friday. The company has a 50 day moving average price of $22.02 and a 200-day moving average price of $20.76. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $17.06 and a 52 week high of $24.95. The firm has a market capitalization of $16.94 billion, a price-to-earnings ratio of 82.06 and a beta of 0.34.

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

The company also recently declared a special dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, September 20th will be issued a dividend of $0.0516 per share. This is a boost from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date is Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is presently 17.48%.

A number of research analysts have recently commented on the company. Cowen and Company reiterated a “hold” rating and set a $24.00 price target on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Wednesday, September 6th. ValuEngine lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. TheStreet upgraded Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and cut their price target for the stock from $26.00 to $18.00 in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Embraer-Empresa Brasileira de Aeronautica presently has an average rating of “Buy” and a consensus price target of $21.60.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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

Receive News & Ratings for Embraer-Empresa Brasileira de Aeronautica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer-Empresa Brasileira de Aeronautica and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.