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

Jennison Associates LLC increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 215.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 2.25% of Embraer-Empresa Brasileira de Aeronautica worth $190,629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $502,000. Jones Financial Companies Lllp acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $28,000. Raymond James Financial Inc. bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $2,453,000. HighTower Advisors LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 151.1% in the fourth quarter. HighTower Advisors LLC now owns 41,522 shares of the aerospace company's stock valued at $1,523,000 after purchasing an additional 24,986 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 132.0% in the fourth quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company's stock worth $5,814,000 after purchasing an additional 90,187 shares during the period. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Down 3.3%

Shares of ERJ traded down $1.70 during mid-day trading on Friday, hitting $49.34. 3,373,540 shares of the company's stock were exchanged, compared to its average volume of 1,540,747. The company has a 50-day simple moving average of $51.38 and a 200 day simple moving average of $46.68. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.32 and a quick ratio of 0.59. The company has a market cap of $9.06 billion, a PE ratio of 22.84 and a beta of 1.72. 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 issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business earned ($0.48) EPS. The company's revenue was up 23.0% compared to the same quarter last year. On average, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price target for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. Wolfe Research reissued a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, March 24th. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group lifted their price objective on 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. Finally, UBS Group reissued a "sell" rating and set 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. One 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 stock. According to data from MarketBeat.com, 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.