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

Envestnet Asset Management Inc. lowered its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 21.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,922 shares of the aerospace company's stock after selling 52,125 shares during the quarter. Envestnet Asset Management Inc. owned about 0.10% of Embraer-Empresa Brasileira de Aeronautica worth $8,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Carrhae Capital LLP grew its stake in Embraer-Empresa Brasileira de Aeronautica by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock worth $97,963,000 after acquiring an additional 866,919 shares during the period. Gilder Gagnon Howe & Co. LLC grew its stake in Embraer-Empresa Brasileira de Aeronautica by 19.0% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock worth $89,465,000 after acquiring an additional 390,094 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 8.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock valued at $81,065,000 after buying an additional 176,182 shares during the period. Invesco Ltd. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after acquiring an additional 1,228,468 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 104.4% in the 4th quarter. AQR Capital Management LLC now owns 795,528 shares of the aerospace company's stock worth $28,909,000 after buying an additional 406,384 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Price Performance

ERJ stock traded down $0.20 during mid-day trading on Tuesday, hitting $48.77. The stock had a trading volume of 1,571,066 shares, compared to its average volume of 1,533,127. The firm has a market capitalization of $8.96 billion, a P/E ratio of 22.58 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 firm has a fifty day simple moving average of $51.38 and a 200 day simple moving average of $46.81. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $26.04 and a 52 week high of $61.65.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.19. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates 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 business's revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.48) EPS. As a group, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given 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 is currently 2.31%.

Wall Street Analysts Forecast Growth

ERJ has been the subject of a number of recent research reports. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price objective for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. Wolfe Research reiterated a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. The Goldman Sachs Group boosted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, UBS Group restated a "sell" rating and issued a $39.00 price target (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $50.40.

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.