Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 62.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 74,695 shares of the aerospace company's stock after selling 125,701 shares during the period. New York State Common Retirement Fund's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $3,451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Diversify Wealth Management LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 13.0% during the 1st quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company's stock valued at $2,004,000 after buying an additional 5,061 shares in the last quarter. Leavell Investment Management Inc. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 10.5% in the 1st quarter. Leavell Investment Management Inc. now owns 10,170 shares of the aerospace company's stock worth $470,000 after purchasing an additional 970 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 5.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company's stock worth $569,000 after purchasing an additional 624 shares in the last quarter. Calamos Advisors LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 500.6% in the 1st quarter. Calamos Advisors LLC now owns 113,108 shares of the aerospace company's stock worth $5,226,000 after purchasing an additional 94,276 shares in the last quarter. Finally, MBA Advisors LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth approximately $413,000. 34.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented 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 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 company a "buy" rating in a research report on Monday, May 12th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. Finally, UBS Group reissued a "sell" rating and set a $39.00 price objective (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of "Moderate Buy" and an average price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.4%

Shares of NYSE:ERJ traded up $0.20 during trading on Friday, reaching $47.81. The stock had a trading volume of 1,629,258 shares, compared to its average volume of 2,162,860. Embraer-Empresa Brasileira de Aeronautica has a one year low of $26.04 and a one year high of $61.65. The company has a market capitalization of $8.78 billion, a P/E ratio of 22.14 and a beta of 1.72. The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56. The firm's 50-day simple moving average is $51.34 and its 200 day simple moving average is $47.13.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced 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. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the business posted ($0.48) EPS. The business's quarterly revenue was up 23.0% compared to the same quarter last year. As a group, research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

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

Embraer-Empresa Brasileira de Aeronautica Company 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.