Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Bought by Invesco Ltd.

Invesco Ltd. increased its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 116.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,678,821 shares of the aerospace company's stock after acquiring an additional 1,443,186 shares during the period. Invesco Ltd. owned approximately 1.46% of Embraer-Empresa Brasileira de Aeronautica worth $123,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ERJ. Colonial Trust Co SC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $42,000. Farther Finance Advisors LLC grew its holdings 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. Redwood Investments LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $161,000. PNC Financial Services Group Inc. grew its holdings 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. Finally, US Bancorp DE grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.4% in the 1st quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock worth $184,000 after acquiring an additional 648 shares during the period. Institutional investors and hedge funds own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ERJ. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. The Goldman Sachs Group increased their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a report on Thursday, August 7th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their target price for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Finally, Wolfe Research upgraded 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of "Moderate Buy" and an average target price of $53.83.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.9%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $59.81 on Friday. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $31.76 and a fifty-two week high of $61.65. The firm has a market cap of $10.98 billion, a PE ratio of 29.17 and a beta of 1.76. The business's fifty day moving average is $53.83 and its two-hundred day moving average is $48.72. 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 (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). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the company earned $0.44 EPS. Analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

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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