Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC trimmed its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,250 shares of the aerospace company's stock after selling 8,000 shares during the quarter. Deltec Asset Management LLC's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $4,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ERJ. Janney Montgomery Scott LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $249,000. Ritholtz Wealth Management raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 4.7% during the 1st quarter. Ritholtz Wealth Management now owns 45,130 shares of the aerospace company's stock valued at $2,085,000 after buying an additional 2,023 shares during the last quarter. Aubrey Capital Management Ltd acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at about $6,403,000. SG Americas Securities LLC grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 64.2% during the first quarter. SG Americas Securities LLC now owns 8,536 shares of the aerospace company's stock worth $394,000 after acquiring an additional 3,338 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Embraer-Empresa Brasileira de Aeronautica by 673.0% during the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after acquiring an additional 2,147 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ERJ. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. 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. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. The Goldman Sachs Group upped their price target 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. Finally, Wolfe Research reissued a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.1%

Embraer-Empresa Brasileira de Aeronautica stock traded down $0.04 during trading on Tuesday, reaching $53.25. 952,691 shares of the company were exchanged, compared to its average volume of 1,493,705. The stock's 50 day simple moving average is $47.45 and its two-hundred day simple moving average is $44.29. The company has a market capitalization of $9.78 billion, a P/E ratio of 24.65 and a beta of 1.68. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.32 and a quick ratio of 0.59. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $25.24 and a 52-week high of $56.61.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $1.17 billion. During the same quarter last year, the company posted ($0.48) EPS. The firm's quarterly revenue was up 23.0% on a year-over-year basis. On average, equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Stockholders 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 currently 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.