Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Sold by Perpetual Ltd

Perpetual Ltd decreased its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 32.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 152,511 shares of the aerospace company's stock after selling 71,638 shares during the quarter. Perpetual Ltd owned 0.08% of Embraer-Empresa Brasileira de Aeronautica worth $7,046,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. boosted its position in Embraer-Empresa Brasileira de Aeronautica by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after buying an additional 1,228,468 shares during the period. Carrhae Capital LLP boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 48.1% in the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after purchasing an additional 866,919 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Embraer-Empresa Brasileira de Aeronautica by 959.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock worth $30,247,000 after purchasing an additional 746,758 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $25,024,000. Finally, Ameriprise Financial Inc. raised its position in Embraer-Empresa Brasileira de Aeronautica by 902.5% in the 4th quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company's stock valued at $21,534,000 after purchasing an additional 528,508 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 2.2%

NYSE:ERJ traded up $1.18 during midday trading on Friday, hitting $54.97. 829,137 shares of the company were exchanged, compared to its average volume of 1,490,404. The company has a fifty day simple moving average of $48.27 and a 200 day simple moving average of $44.70. The company has a market capitalization of $10.10 billion, a PE ratio of 25.45 and a beta of 1.68. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $25.24 and a fifty-two week high of $56.61. 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 announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.19. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The business's revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.48) EPS. As a group, equities analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The firm 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 payout ratio is currently 2.31%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ERJ shares. 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. UBS Group restated a "sell" rating and issued a $39.00 price objective (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. The Goldman Sachs Group increased their target price on Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, HSBC raised 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 report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.40.

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.