Deltec Asset Management LLC Reduces Position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Deltec Asset Management LLC trimmed its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,250 shares of the aerospace company's stock after selling 8,000 shares during the period. 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 & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carrhae Capital LLP grew its stake 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 valued at $97,963,000 after purchasing an additional 866,919 shares during the period. Gilder Gagnon Howe & Co. LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 19.0% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after buying an additional 390,094 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Embraer-Empresa Brasileira de Aeronautica by 8.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock worth $81,065,000 after acquiring an additional 176,182 shares during the period. Invesco Ltd. boosted its stake in shares of 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 acquiring an additional 1,228,468 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 valued at $30,247,000 after acquiring an additional 746,758 shares during the period. Institutional investors own 34.65% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. UBS Group reissued 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 note on Thursday, April 24th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and upped their target price for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. One 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 issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Embraer-Empresa Brasileira de Aeronautica stock traded down $0.61 during midday trading on Friday, reaching $52.54. 1,804,197 shares of the stock traded hands, compared to its average volume of 1,496,840. The stock has a market cap of $9.65 billion, a P/E ratio of 24.32 and a beta of 1.68. The stock's fifty day moving average is $47.24 and its 200-day moving average is $44.18. 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 12 month low of $25.24 and a 12 month high of $56.61.

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

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The business also recently declared a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio 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.