Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) is Oldfield Partners LLP's 7th Largest Position

Key Points

• Oldfield Partners LLP reduced its stake in Embraer-Empresa Brasileira de Aeronautica by 42.3%, owning approximately 183,871 shares after selling 134,662 shares in the first quarter.
• Embraer recently received multiple analyst upgrades, with the Goldman Sachs Group raising its price target from $54 to $60 and maintaining a "buy" rating.
• Embraer reported earnings of $0.40 per share for the last quarter, exceeding consensus estimates and demonstrating a 23.0% year-over-year increase in revenue.

Oldfield Partners LLP cut its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 42.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 183,871 shares of the aerospace company's stock after selling 134,662 shares during the quarter. Embraer-Empresa Brasileira de Aeronautica accounts for 2.5% of Oldfield Partners LLP's portfolio, making the stock its 7th largest position. Oldfield Partners LLP owned about 0.10% of Embraer-Empresa Brasileira de Aeronautica worth $8,495,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Colonial Trust Co SC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $42,000. Edmond DE Rothschild Holding S.A. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 71.9% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock valued at $71,000 after acquiring an additional 809 shares during the period. Farther Finance Advisors LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 673.0% during the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after acquiring an additional 2,147 shares during the period. Quantbot Technologies LP bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $121,000. Finally, Redwood Investments LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $161,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ERJ shares. The Goldman Sachs Group upped their target price 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 upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, UBS Group reiterated a "sell" rating and set 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. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Stock Down 0.9%

ERJ stock traded down $0.45 during trading on Monday, reaching $47.39. The stock had a trading volume of 1,394,388 shares, compared to its average volume of 2,202,782. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 21.94 and a beta of 1.72. The company has a quick ratio of 0.59, a current ratio of 1.32 and a debt-to-equity ratio of 0.56. The company's 50 day moving average is $51.29 and its two-hundred day moving average is $47.26. Embraer-Empresa Brasileira de Aeronautica has a one year low of $26.04 and a one year high of $61.65.

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 earnings per share 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 firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the company posted ($0.48) EPS. The business's quarterly revenue was up 23.0% on a year-over-year basis. Equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

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

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.