Great West Life Assurance Co. Can Grows Holdings in Embraer SA (ERJ)

Great West Life Assurance Co. Can boosted its holdings in shares of Embraer SA (NYSE:ERJ) by 162.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,230 shares of the aerospace company’s stock after buying an additional 31,072 shares during the period. Great West Life Assurance Co. Can’s holdings in Embraer were worth $1,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Global X Management Co. LLC raised its holdings in Embraer by 2.3% during the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock worth $137,000 after buying an additional 169 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in Embraer by 11.4% during the second quarter. First Allied Advisory Services Inc. now owns 20,114 shares of the aerospace company’s stock worth $367,000 after buying an additional 2,061 shares during the last quarter. Perpetual Ltd raised its holdings in Embraer by 2.2% during the second quarter. Perpetual Ltd now owns 102,459 shares of the aerospace company’s stock worth $1,868,000 after buying an additional 2,200 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Embraer by 4.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 65,862 shares of the aerospace company’s stock worth $1,201,000 after buying an additional 2,979 shares during the last quarter. Finally, Community Financial Services Group LLC raised its holdings in Embraer by 1.3% during the third quarter. Community Financial Services Group LLC now owns 246,515 shares of the aerospace company’s stock worth $5,573,000 after buying an additional 3,275 shares during the last quarter. Hedge funds and other institutional investors own 50.09% of the company’s stock.

Shares of Embraer SA (NYSE:ERJ) opened at $24.10 on Friday. The company has a market cap of $4,484.49, a PE ratio of 10.90, a PEG ratio of 0.79 and a beta of 0.32. The company has a quick ratio of 1.73, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. Embraer SA has a 1-year low of $17.58 and a 1-year high of $26.25.

Embraer (NYSE:ERJ) last announced its earnings results on Friday, October 27th. The aerospace company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. Embraer had a net margin of 6.63% and a return on equity of 10.65%. sell-side analysts expect that Embraer SA will post 1.81 EPS for the current year.

The company also recently announced a special dividend, which will be paid on Friday, February 2nd. Stockholders of record on Thursday, December 28th will be issued a $0.1079 dividend. The ex-dividend date is Wednesday, December 27th. This is an increase from Embraer’s previous special dividend of $0.05. Embraer’s dividend payout ratio is currently 11.31%.

ERJ has been the topic of several research reports. ValuEngine upgraded shares of Embraer from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. Credit Suisse Group upgraded shares of Embraer from a “neutral” rating to an “outperform” rating in a report on Thursday, October 26th. TheStreet downgraded shares of Embraer from a “b-” rating to a “c” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Embraer from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Embraer from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.20.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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