Beverly Hills Private Wealth LLC Sells 9,016 Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Beverly Hills Private Wealth LLC lessened its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 24.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,276 shares of the aerospace company's stock after selling 9,016 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $1,260,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 1,057.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company's stock valued at $9,797,000 after acquiring an additional 193,739 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth $227,000. Natixis Advisors LLC grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 132.0% during the fourth quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company's stock worth $5,814,000 after purchasing an additional 90,187 shares during the period. Sei Investments Co. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 20.7% in the fourth quarter. Sei Investments Co. now owns 239,423 shares of the aerospace company's stock valued at $8,782,000 after buying an additional 41,143 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 39.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,212 shares of the aerospace company's stock worth $888,000 after buying an additional 6,822 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ERJ. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and upped their price target for the company from $45.00 to $57.00 in a research note on Wednesday, June 4th. UBS Group reiterated a "sell" rating and issued a $39.00 target price (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. Wolfe Research reissued a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, The Goldman Sachs Group lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of "Moderate Buy" and an average price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Stock Up 3.3%

Embraer-Empresa Brasileira de Aeronautica stock opened at $61.34 on Monday. The company has a 50 day moving average of $49.86 and a 200-day moving average of $45.57. The company has a quick ratio of 0.59, a current ratio of 1.32 and a debt-to-equity ratio of 0.56. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $26.04 and a twelve month high of $61.70. The stock has a market capitalization of $11.26 billion, a PE 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 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business earned ($0.48) EPS. The company's revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

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 was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio (DPR) is currently 2.31%.

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.

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