GSA Capital Partners LLP Invests $938,000 in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

GSA Capital Partners LLP bought a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,308 shares of the aerospace company's stock, valued at approximately $938,000.

Other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock worth $190,629,000 after acquiring an additional 2,819,306 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock worth $89,465,000 after buying an additional 390,094 shares in the last quarter. Invesco Ltd. increased its position in Embraer-Empresa Brasileira de Aeronautica by 17,140.6% in the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after buying an additional 1,228,468 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 104.4% during the fourth quarter. AQR Capital Management LLC now owns 795,528 shares of the aerospace company's stock worth $28,909,000 after purchasing an additional 406,384 shares in the last quarter. Finally, Nicholas Investment Partners LP grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 11.0% during the fourth quarter. Nicholas Investment Partners LP now owns 648,085 shares of the aerospace company's stock worth $23,772,000 after purchasing an additional 64,098 shares in the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.9%

ERJ stock traded up $1.07 on Monday, hitting $57.91. 791,341 shares of the company's stock were exchanged, compared to its average volume of 1,772,572. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $26.04 and a 12-month high of $61.65. The firm has a 50 day moving average price of $51.84 and a two-hundred day moving average price of $47.73. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.32. The stock has a market cap of $10.64 billion, a P/E ratio of 26.70 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued 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. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the firm posted ($0.48) EPS. The firm's revenue was up 23.0% compared to the same quarter last year. As a group, equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The business also recently announced a -- dividend, which was paid on Monday, June 2nd. Stockholders 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 is presently 1.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective 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. 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. Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective on the stock in a report on Thursday. UBS Group restated a "sell" rating and set a $39.00 price objective (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. Finally, HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of "Moderate Buy" and a consensus target price of $52.67.

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.