Artemis Investment Management LLP Has $27.18 Million Stock Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Artemis Investment Management LLP reduced its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 588,319 shares of the aerospace company's stock after selling 117,319 shares during the quarter. Artemis Investment Management LLP owned 0.32% of Embraer-Empresa Brasileira de Aeronautica worth $27,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Carrhae Capital LLP boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after purchasing an additional 866,919 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after purchasing an additional 390,094 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 8.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock valued at $81,065,000 after purchasing an additional 176,182 shares in the last quarter. Invesco Ltd. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 17,140.6% during the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after buying an additional 1,228,468 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 959.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock worth $30,247,000 after buying an additional 746,758 shares in the last quarter. 34.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wolfe Research restated a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, March 24th. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Monday, March 10th. UBS Group reissued a "sell" rating and issued a $39.00 price objective (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Finally, 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 research report on Wednesday, June 4th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of ERJ opened at $53.96 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $25.24 and a 52-week high of $56.61. The stock's 50-day simple moving average is $48.04 and its 200 day simple moving average is $44.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.32. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 24.98 and a beta of 1.68.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.21 by $0.19. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. Embraer-Empresa Brasileira de Aeronautica's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.48) earnings per share. Research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a dividend of $0.049 per share. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is 2.31%.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.

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