Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 40.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,347 shares of the aerospace company's stock after selling 77,172 shares during the period. National Bank of Canada FI owned about 0.06% of Embraer-Empresa Brasileira de Aeronautica worth $5,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Colonial Trust Co SC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at approximately $42,000. Farther Finance Advisors LLC lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 673.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after purchasing an additional 2,147 shares in the last quarter. Redwood Investments LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $161,000. PNC Financial Services Group Inc. lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 47.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company's stock valued at $176,000 after purchasing an additional 1,216 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Embraer-Empresa Brasileira de Aeronautica by 19.4% in the 1st quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock valued at $184,000 after purchasing an additional 648 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE ERJ traded down $2.25 on Friday, reaching $57.53. The stock had a trading volume of 1,961,290 shares, compared to its average volume of 2,590,066. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $31.76 and a 12-month high of $61.65. The business's 50-day moving average price is $54.05 and its 200 day moving average price is $48.89. The stock has a market cap 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 results on Tuesday, August 5th. The aerospace company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter last year, the company earned $0.44 EPS. As a group, equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on ERJ shares. 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. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. The Goldman Sachs Group lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Finally, Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective for the company in a research report on Thursday, July 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of "Moderate Buy" and a consensus price target 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.