Natixis Advisors LLC Sells 12,067 Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Key Points

• Natixis Advisors LLC reduced its holdings in Embraer-Empresa Brasileira de Aeronautica by 7.6%, selling 12,067 shares, and now owns about 0.08% of the company valued at approximately $6.77 million.
• Other institutional investors significantly increased their stakes, with Jennison Associates LLC and Invesco Ltd. boosting their positions by 215.7% and 17,140.6% respectively during the quarter.
• Embraer reported a quarterly earnings per share (EPS) of $0.40, surpassing estimates, although revenue of $1.10 billion fell short of expectations of $1.17 billion.

Natixis Advisors LLC cut its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 7.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 146,429 shares of the aerospace company's stock after selling 12,067 shares during the quarter. Natixis Advisors LLC owned about 0.08% of Embraer-Empresa Brasileira de Aeronautica worth $6,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its position in shares of 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 in the last quarter. Invesco Ltd. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 17,140.6% during the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after purchasing an additional 1,228,468 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of 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 in the last quarter. RWC Asset Advisors US LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $19,313,000. Finally, AQR Capital Management LLC boosted its position in shares of 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 in the last quarter. 34.65% of the stock is owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.7%

ERJ opened at $57.83 on Tuesday. The stock has a market capitalization of $10.62 billion, a P/E ratio of 26.77 and a beta of 1.76. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $26.04 and a 12 month high of $61.65. The firm's fifty day simple moving average is $52.04 and its 200 day simple moving average is $47.85. The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56.

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 the consensus estimate of $0.21 by $0.19. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The firm's revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.48) EPS. As a group, research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and lifted their price target for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. The Goldman Sachs Group lifted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. UBS Group reaffirmed a "sell" rating and issued a $39.00 price objective (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. 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 objective on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.67.

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.

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