Embraer-Empresa Brasileira de Aeronautica $ERJ Stock Holdings Trimmed by American Century Companies Inc.

Key Points

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American Century Companies Inc. lessened its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 10.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,046,126 shares of the aerospace company's stock after selling 232,533 shares during the quarter. American Century Companies Inc. owned about 1.11% of Embraer-Empresa Brasileira de Aeronautica worth $94,531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Colonial Trust Co SC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $42,000. Farther Finance Advisors LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 673.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock worth $114,000 after acquiring an additional 2,147 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 47.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company's stock worth $176,000 after acquiring an additional 1,216 shares during the period. US Bancorp DE boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.4% in the first quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock valued at $184,000 after acquiring an additional 648 shares in the last quarter. Finally, Redwood Investments LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $161,000. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE ERJ opened at $57.53 on Monday. The stock's fifty day simple moving average is $54.05 and its 200 day simple moving average is $48.95. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 28.06 and a beta of 1.76. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $31.76 and a 52-week high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.67 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. During the same period in the prior year, the business posted $0.44 EPS. As a group, sell-side analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ERJ shares. The Goldman Sachs Group upped their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a report on Thursday, July 31st. UBS Group upped their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a "sell" rating in a report on Friday. 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 Saturday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.67.

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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