LPL Financial LLC Sells 6,063 Shares of Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• LPL Financial LLC reduced its stake in Embraer-Empresa Brasileira de Aeronautica by 9% during the first quarter, selling 6,063 shares and now holding 61,072 shares valued at approximately $2.82 million.
• Several institutional investors, including Jennison Associates LLC and Ameriprise Financial Inc., significantly increased their holdings in Embraer, reflecting growing institutional interest in the company.
• Embraer reported a net margin of 5.43% and a revenue of $1.82 billion for the quarter, missing earnings estimates, but analysts remain optimistic with a consensus rating of "Moderate Buy" for the stock.

LPL Financial LLC lessened its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,072 shares of the aerospace company's stock after selling 6,063 shares during the quarter. LPL Financial LLC's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $2,822,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC lifted its position in Embraer-Empresa Brasileira de Aeronautica by 215.7% during the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock worth $190,629,000 after purchasing an additional 2,819,306 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its position in Embraer-Empresa Brasileira de Aeronautica by 19.0% during 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 purchasing an additional 390,094 shares during the period. AQR Capital Management LLC lifted its position in 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 during the period. Nicholas Investment Partners LP lifted its position in 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 during the period. Finally, Ameriprise Financial Inc. lifted its position in Embraer-Empresa Brasileira de Aeronautica by 902.5% during the fourth quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company's stock worth $21,534,000 after purchasing an additional 528,508 shares during the period. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Embraer-Empresa Brasileira de Aeronautica stock opened at $57.53 on Monday. The business has a 50 day moving average of $54.05 and a 200-day moving average of $48.95. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $31.76 and a 1 year high of $61.65. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. The company has a market capitalization of $10.57 billion, a P/E ratio of 28.06 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company earned $0.44 EPS. On average, equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. UBS Group boosted their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Friday. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their target price for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.