Envestnet Asset Management Inc. Sells 52,125 Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Envestnet Asset Management Inc. decreased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 21.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 189,922 shares of the aerospace company's stock after selling 52,125 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of Embraer-Empresa Brasileira de Aeronautica worth $8,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Calamos Advisors LLC increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 500.6% in the 1st quarter. Calamos Advisors LLC now owns 113,108 shares of the aerospace company's stock valued at $5,226,000 after buying an additional 94,276 shares in the last quarter. MBA Advisors LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $413,000. Rossby Financial LCC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $250,000. Robeco Institutional Asset Management B.V. boosted its stake in 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 worth $9,797,000 after purchasing an additional 193,739 shares during the period. Finally, Bessemer Group Inc. acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth $287,000. Institutional investors own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ERJ. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and upped their target price for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. UBS Group reaffirmed a "sell" rating and issued a $39.00 target price (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group upped 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 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 issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of "Moderate Buy" and a consensus price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

ERJ stock traded up $0.20 during mid-day trading on Friday, hitting $47.81. 1,629,258 shares of the company were exchanged, compared to its average volume of 2,162,860. The business has a 50 day simple moving average of $51.34 and a 200-day simple moving average of $47.06. 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 stock has a market capitalization of $8.78 billion, a PE ratio of 22.14 and a beta of 1.72. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $26.04 and a 1-year high of $61.65.

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, 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the firm earned ($0.48) earnings per share. The business's revenue for the quarter was up 23.0% on a year-over-year basis. On average, equities 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 disclosed a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were paid a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio (DPR) is 1.85%.

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.