Calamos Advisors LLC Increases Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Calamos Advisors LLC increased its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 500.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,108 shares of the aerospace company's stock after acquiring an additional 94,276 shares during the period. Calamos Advisors LLC owned approximately 0.06% of Embraer-Empresa Brasileira de Aeronautica worth $5,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1,057.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company's stock valued at $9,797,000 after acquiring an additional 193,739 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $227,000. Natixis Advisors LLC lifted its position in Embraer-Empresa Brasileira de Aeronautica by 132.0% during the fourth quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company's stock valued at $5,814,000 after purchasing an additional 90,187 shares during the last quarter. Sei Investments Co. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 20.7% during the 4th quarter. Sei Investments Co. now owns 239,423 shares of the aerospace company's stock valued at $8,782,000 after buying an additional 41,143 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 39.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,212 shares of the aerospace company's stock worth $888,000 after acquiring an additional 6,822 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. UBS Group reaffirmed 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 research note on Thursday, April 24th. 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 stock a "buy" rating in a research report on Monday, May 12th. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price objective for the company from $45.00 to $57.00 in a research note on Wednesday, June 4th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.8%

Shares of NYSE:ERJ traded down $1.12 during midday trading on Monday, hitting $59.90. 1,893,997 shares of the stock traded hands, compared to its average volume of 1,493,685. The stock has a market capitalization of $11.00 billion, a PE ratio of 27.73 and a beta of 1.72. Embraer-Empresa Brasileira de Aeronautica has a one year low of $26.04 and a one year high of $61.70. The business's 50 day moving average is $49.86 and its two-hundred day moving average is $45.57. 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 (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 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 analysts' expectations of $1.17 billion. During the same period last year, the company posted ($0.48) EPS. The company's quarterly revenue was up 23.0% compared to the same quarter last year. As a group, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The firm also recently announced a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a dividend of $0.049 per share. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio (DPR) is presently 2.31%.

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.