Robeco Institutional Asset Management B.V. Buys 193,739 Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Robeco Institutional Asset Management B.V. lifted its stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 1,057.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,054 shares of the aerospace company's stock after buying an additional 193,739 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Embraer-Empresa Brasileira de Aeronautica worth $9,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at $287,000. Spire Wealth Management raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1,899.3% during the first quarter. Spire Wealth Management now owns 17,254 shares of the aerospace company's stock valued at $797,000 after acquiring an additional 16,391 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $249,000. Ritholtz Wealth Management grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 4.7% in the first quarter. Ritholtz Wealth Management now owns 45,130 shares of the aerospace company's stock worth $2,085,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Aubrey Capital Management Ltd purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at about $6,403,000. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 3.3%

ERJ stock traded up $1.97 during midday trading on Thursday, hitting $61.34. The stock had a trading volume of 914,203 shares, compared to its average volume of 1,487,522. The business has a 50-day moving average of $49.19 and a two-hundred day moving average of $45.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.32 and a quick ratio of 0.59. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 28.40 and a beta of 1.72. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $26.04 and a 52-week high of $64.08.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.19. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The company's quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.48) EPS. As a group, equities research analysts forecast 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 firm also recently announced a -- dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a dividend of $0.049 per share. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio is 1.85%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ERJ shares. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price objective for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Wolfe Research reissued a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. UBS Group restated a "sell" rating and issued a $39.00 price objective (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. Finally, The Goldman Sachs Group lifted their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.40.

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.