5,396 Shares in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,396 shares of the aerospace company's stock, valued at approximately $249,000.

A number of other hedge funds also recently added to or reduced their stakes in ERJ. Jones Financial Companies Lllp purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $28,000. SPX Gestao de Recursos Ltda purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $37,000. Colonial Trust Co SC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $42,000. Lindbrook Capital LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after buying an additional 389 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 71.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock valued at $71,000 after buying an additional 809 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their target price for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. The Goldman Sachs Group increased their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. UBS Group reiterated a "sell" rating and issued a $39.00 price target (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of ERJ stock traded down $2.57 during trading hours on Wednesday, hitting $57.06. The company's stock had a trading volume of 3,736,527 shares, compared to its average volume of 1,493,964. The business has a fifty day moving average of $50.66 and a 200-day moving average of $45.91. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 26.42 and a beta of 1.72. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $26.04 and a twelve month high of $61.65. The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned ($0.48) earnings per share. Embraer-Empresa Brasileira de Aeronautica's revenue was up 23.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The company also recently announced a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a dividend of $0.049 per share. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio (DPR) is currently 2.31%.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.