Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 34.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,989 shares of the aerospace company's stock after selling 8,223 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $739,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Invesco Ltd. raised its stake 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 worth $45,323,000 after acquiring an additional 1,228,468 shares in the last quarter. Carrhae Capital LLP raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 48.1% during 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 959.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock worth $30,247,000 after acquiring an additional 746,758 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $25,024,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 902.5% during the 4th quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company's stock worth $21,534,000 after acquiring an additional 528,508 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of ERJ stock traded up $1.97 on Friday, hitting $61.34. The company had a trading volume of 914,233 shares, compared to its average volume of 1,492,076. 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 has a twelve month low of $26.04 and a twelve month high of $61.05. The company has a 50-day moving average price of $49.86 and a 200-day moving average price of $45.51. The firm has a market cap of $11.26 billion, a P/E ratio of 28.40 and a beta of 1.72.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business earned ($0.48) EPS. Embraer-Empresa Brasileira de Aeronautica's revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is 2.31%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ERJ. HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. UBS Group restated a "sell" rating and set a $39.00 price target (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a 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 research note on Wednesday, June 4th. Finally, 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 company a "buy" rating in a report 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica 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.