Bearing Point Capital LLC Has $5.13 Million Stock Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Key Points

• Bearing Point Capital LLC reduced its stake in Embraer by 30.4%, owning 111,043 shares valued at $5.13 million after selling 48,390 shares in the first quarter.
• Embraer reported a net margin of 6.02% and beat earnings estimates with an EPS of $0.40 for the quarter ending May 6th.
• Several hedge funds increased their holdings, with Jennison Associates LLC raising its stake by 215.7%, now owning 4,126,160 shares valued at approximately $190.6 million.

Bearing Point Capital LLC lessened its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 30.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 111,043 shares of the aerospace company's stock after selling 48,390 shares during the period. Bearing Point Capital LLC owned 0.06% of Embraer-Empresa Brasileira de Aeronautica worth $5,130,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ERJ. Brighton Jones LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $502,000. Raymond James Financial Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $2,453,000. Quantbot Technologies LP bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $121,000. Sei Investments Co. boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 20.7% in the fourth quarter. Sei Investments Co. now owns 239,423 shares of the aerospace company's stock valued at $8,782,000 after acquiring an additional 41,143 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 109.6% in the fourth quarter. JPMorgan Chase & Co. now owns 464,002 shares of the aerospace company's stock valued at $17,020,000 after acquiring an additional 242,649 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ERJ shares. 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. HSBC raised 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 research note on Wednesday, June 4th. UBS Group reissued a "sell" rating and issued a $39.00 target price (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group increased their target price on 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 assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of "Moderate Buy" and a consensus price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Stock Up 4.7%

Shares of NYSE ERJ traded up $2.20 during mid-day trading on Tuesday, reaching $49.59. 2,921,171 shares of the company's stock were exchanged, compared to its average volume of 1,685,369. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 22.96 and a beta of 1.72. The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $51.29 and a 200 day simple moving average of $47.26. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $26.04 and a twelve month high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.19. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. Embraer-Empresa Brasileira de Aeronautica's revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.48) earnings per share. As a group, equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal 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 $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio is presently 1.85%.

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.