Artemis Investment Management LLP Reduces Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Artemis Investment Management LLP reduced its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 16.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 588,319 shares of the aerospace company's stock after selling 117,319 shares during the period. Artemis Investment Management LLP owned 0.32% of Embraer-Empresa Brasileira de Aeronautica worth $27,180,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ERJ. Lindbrook Capital LLC lifted its stake 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 during the last quarter. US Bancorp DE increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 13.4% in the 4th quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock valued at $122,000 after acquiring an additional 395 shares during the period. Townsquare Capital LLC raised its position in Embraer-Empresa Brasileira de Aeronautica by 1.7% in the 4th quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company's stock valued at $971,000 after purchasing an additional 454 shares during the last quarter. Truist Financial Corp boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 8.1% during the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock worth $231,000 after purchasing an additional 470 shares during the period. Finally, Stifel Financial Corp boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 0.8% during the 4th quarter. Stifel Financial Corp now owns 75,785 shares of the aerospace company's stock worth $2,780,000 after purchasing an additional 566 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Embraer-Empresa Brasileira de Aeronautica stock traded up $1.99 during midday trading on Monday, reaching $56.94. The company's stock had a trading volume of 1,121,828 shares, compared to its average volume of 1,489,418. The firm has a market capitalization of $10.46 billion, a PE ratio of 26.36 and a beta of 1.68. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $25.24 and a fifty-two week high of $57.11. The stock's 50 day simple moving average is $48.27 and its 200 day simple moving average is $44.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.32.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced 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. 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 during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the business earned ($0.48) earnings per share. The business's revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share 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. Shareholders 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 payout ratio is 2.31%.

Analyst Ratings Changes

A number of brokerages have recently commented on ERJ. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price target for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. UBS Group reaffirmed a "sell" rating and set a $39.00 price objective (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 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. Finally, Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. One 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $50.40.

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.