6,207 Shares in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Purchased by Bessemer Group Inc.

Bessemer Group Inc. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,207 shares of the aerospace company's stock, valued at approximately $287,000.

Several other institutional investors also recently bought and sold shares of ERJ. Invesco Ltd. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after purchasing an additional 1,228,468 shares during the period. Carrhae Capital LLP increased its holdings 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 worth $97,963,000 after purchasing an additional 866,919 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 959.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock worth $30,247,000 after purchasing an additional 746,758 shares during the period. Victory Capital Management Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $25,024,000. Finally, Ameriprise Financial Inc. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 902.5% during the 4th quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company's stock worth $21,534,000 after purchasing an additional 528,508 shares during the period. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Up 3.3%

ERJ stock traded up $1.97 on Friday, hitting $61.34. 914,233 shares of the company's stock were exchanged, compared to its average volume of 1,492,076. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $26.04 and a 12-month high of $61.05. The firm has a 50 day moving average price of $49.86 and a two-hundred day moving average price of $45.51. 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 cap of $11.26 billion, a P/E ratio of 28.40 and a beta of 1.72.

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 for the quarter, topping the consensus estimate of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned ($0.48) EPS. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. As a group, equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The company also recently declared 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 of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio is currently 1.85%.

Wall Street Analyst Weigh In

ERJ has been the topic of several recent research reports. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. HSBC raised 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. UBS Group reaffirmed a "sell" rating and set a $39.00 target price (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group boosted their target price on Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica 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.