Hotchkis & Wiley Capital Management LLC Grows Holdings in Embraer-Empresa Brasileira de Aeronautica (ERJ)

Hotchkis & Wiley Capital Management LLC increased its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,170,429 shares of the aerospace company’s stock after purchasing an additional 747,735 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 4.41% of Embraer-Empresa Brasileira de Aeronautica worth $148,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Comgest Global Investors S.A.S. lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 9.6% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 101,200 shares of the aerospace company’s stock worth $1,845,000 after purchasing an additional 8,900 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 671.2% during the 1st quarter. JPMorgan Chase & Co. now owns 469,856 shares of the aerospace company’s stock worth $10,374,000 after purchasing an additional 408,928 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 3.1% during the 1st quarter. Nordea Investment Management AB now owns 69,485 shares of the aerospace company’s stock worth $1,534,000 after purchasing an additional 2,114 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 214.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 123,390 shares of the aerospace company’s stock worth $2,249,000 after purchasing an additional 84,183 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $9,848,000. 50.73% of the stock is owned by institutional investors and hedge funds.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) traded down 0.04% during trading on Friday, hitting $23.06. The stock had a trading volume of 1,280,335 shares. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $17.06 and a 1-year high of $24.95. The company has a market cap of $16.94 billion, a PE ratio of 62.83 and a beta of 0.34. The firm’s 50 day moving average is $22.02 and its 200 day moving average is $20.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the business posted $0.24 earnings per share. The firm’s revenue was up 29.5% compared to the same quarter last year. Equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post $1.61 EPS for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, September 20th will be given a dividend of $0.0516 per share. This is an increase 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%.

Several research firms recently weighed in on ERJ. BidaskClub raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and dropped their price objective for the company from $26.00 to $18.00 in a report on Thursday, August 10th. TheStreet raised Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a report on Thursday, August 10th. ValuEngine raised Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.60.

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Embraer-Empresa Brasileira de Aeronautica Company Profile

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

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