North of South Capital LLP Sells 441,920 Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

North of South Capital LLP trimmed its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 50.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 433,241 shares of the aerospace company's stock after selling 441,920 shares during the period. Embraer-Empresa Brasileira de Aeronautica comprises about 2.2% of North of South Capital LLP's holdings, making the stock its 12th biggest holding. North of South Capital LLP owned 0.24% of Embraer-Empresa Brasileira de Aeronautica worth $20,016,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ERJ. Invesco Ltd. boosted its position in 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 period. Carrhae Capital LLP increased its stake in Embraer-Empresa Brasileira de Aeronautica by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after buying an additional 866,919 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Embraer-Empresa Brasileira de Aeronautica by 959.2% in the 4th 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 4th quarter valued at $25,024,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of 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 valued at $21,534,000 after buying an additional 528,508 shares during the period. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of Embraer-Empresa Brasileira de Aeronautica stock traded up $1.63 during trading on Thursday, hitting $61.00. 865,289 shares of the company's stock traded hands, compared to its average volume of 1,570,895. The company has a market cap of $11.20 billion, a PE ratio of 28.24 and a beta of 1.72. 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 twelve month low of $26.04 and a twelve month high of $61.05. The firm's fifty day moving average price is $49.19 and its 200 day moving average price is $45.09.

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 EPS for the quarter, topping the consensus estimate of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned ($0.48) EPS. Embraer-Empresa Brasileira de Aeronautica's revenue was up 23.0% on a year-over-year basis. Analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current 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 given a dividend of $0.049 per share. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio (DPR) is currently 2.31%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ERJ. UBS Group restated a "sell" rating and issued a $39.00 price objective (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. Wolfe Research reissued 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. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Finally, HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their target price for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

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.