Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Sold by Congress Park Capital LLC

Congress Park Capital LLC trimmed its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 22.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,237 shares of the aerospace company's stock after selling 20,609 shares during the period. Embraer-Empresa Brasileira de Aeronautica makes up about 1.3% of Congress Park Capital LLC's holdings, making the stock its 21st biggest position. Congress Park Capital LLC's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $3,384,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Lindbrook Capital LLC boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after purchasing an additional 389 shares in the last quarter. US Bancorp DE boosted its position 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 worth $122,000 after buying an additional 395 shares in the last quarter. Townsquare Capital LLC boosted its position in shares of 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 worth $971,000 after buying an additional 454 shares in the last quarter. Truist Financial Corp boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock worth $231,000 after buying an additional 470 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 0.8% in the 4th quarter. Stifel Financial Corp now owns 75,785 shares of the aerospace company's stock worth $2,780,000 after buying an additional 566 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ERJ shares. UBS Group reiterated a "sell" rating and issued 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. Wolfe Research reiterated a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. 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. HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Finally, Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

ERJ stock traded up $0.78 during trading on Monday, hitting $53.27. The stock had a trading volume of 1,249,216 shares, compared to its average volume of 1,495,850. The company's 50 day moving average price is $47.45 and its two-hundred day moving average price is $44.29. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $25.24 and a 1-year high of $56.61. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 24.66 and a beta of 1.68. 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 earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share 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 the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted ($0.48) EPS. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. On average, sell-side analysts forecast 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 announced a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were paid a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is 1.85%.

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.