29,115 Shares in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Purchased by L & S Advisors Inc

L & S Advisors Inc bought a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 29,115 shares of the aerospace company's stock, valued at approximately $1,345,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jennison Associates LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 215.7% during the 1st quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after purchasing an additional 2,819,306 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.0% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after purchasing an additional 390,094 shares during the last quarter. Invesco Ltd. grew 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 purchasing an additional 1,228,468 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 104.4% during the 4th quarter. AQR Capital Management LLC now owns 795,528 shares of the aerospace company's stock valued at $28,909,000 after purchasing an additional 406,384 shares during the last quarter. Finally, Nicholas Investment Partners LP grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 11.0% during the 4th quarter. Nicholas Investment Partners LP now owns 648,085 shares of the aerospace company's stock valued at $23,772,000 after purchasing an additional 64,098 shares during the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.3%

Shares of ERJ traded up $0.73 during trading hours on Thursday, reaching $57.87. 700,494 shares of the company traded hands, compared to its average volume of 1,788,986. The company's fifty day moving average price is $52.42 and its two-hundred day moving average price is $47.98. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 28.22 and a beta of 1.76. 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 12 month low of $27.70 and a 12 month high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.58%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $0.44 EPS. Equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ERJ shares. UBS Group reissued 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. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price target for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. The Goldman Sachs Group raised their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Wolfe Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a report on Thursday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of "Moderate Buy" and an average price target of $53.83.

About Embraer-Empresa Brasileira de Aeronautica

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.