Jennison Associates LLC Buys 2,819,306 Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Jennison Associates LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 215.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,126,160 shares of the aerospace company's stock after purchasing an additional 2,819,306 shares during the period. Jennison Associates LLC owned about 2.25% of Embraer-Empresa Brasileira de Aeronautica worth $190,629,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. grew its stake in shares of 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 buying an additional 193,739 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $227,000. Janney Montgomery Scott LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth approximately $249,000. Natixis Advisors LLC grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 132.0% in the 4th quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company's stock worth $5,814,000 after buying an additional 90,187 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Embraer-Empresa Brasileira de Aeronautica by 20.7% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.7%

Embraer-Empresa Brasileira de Aeronautica stock traded down $0.33 during trading on Monday, reaching $48.97. The company had a trading volume of 2,033,745 shares, compared to its average volume of 1,532,926. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $26.04 and a 12-month high of $61.65. The stock's 50 day moving average price is $51.38 and its two-hundred day moving average price is $46.81. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 16.54 and a beta of 1.72. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.32.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior 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 analysts expect 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 business 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 2.31%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ERJ shares. The Goldman Sachs Group upped their price objective on 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. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price target for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Wolfe Research restated a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. Finally, UBS Group reaffirmed a "sell" rating and issued a $39.00 price target (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of "Moderate Buy" and an average target price 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.