Congress Park Capital LLC Sells 20,609 Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Congress Park Capital LLC reduced its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 22.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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 accounts for about 1.3% of Congress Park Capital LLC's portfolio, making the stock its 21st largest holding. Congress Park Capital LLC's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $3,384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ERJ. Invesco Ltd. grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after acquiring an additional 1,228,468 shares during the period. Carrhae Capital LLP lifted its holdings in shares of 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 acquiring an additional 866,919 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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. Victory Capital Management Inc. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at about $25,024,000. Finally, Ameriprise Financial Inc. grew 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 acquiring an additional 528,508 shares during the last quarter. 34.65% of the stock is owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Trading Up 4.1%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $53.16 on Friday. The stock has a market capitalization of $9.76 billion, a P/E ratio of 24.61 and a beta of 1.68. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $25.24 and a 52-week high of $56.61. 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's 50-day simple moving average is $47.02 and its 200 day simple moving average is $43.98.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the firm posted ($0.48) EPS. The business's revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued 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 (DPR) is 2.31%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Monday, March 10th. UBS Group restated a "sell" rating and issued a $39.00 target price (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.

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