Perpetual Ltd Lowers Stock Position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Perpetual Ltd trimmed its position 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 disclosure with the Securities & Exchange Commission. The institutional investor owned 152,511 shares of the aerospace company's stock after selling 71,638 shares during the period. Perpetual Ltd owned approximately 0.08% of Embraer-Empresa Brasileira de Aeronautica worth $7,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ERJ. Jones Financial Companies Lllp purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $37,000. Colonial Trust Co SC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $42,000. Lindbrook Capital LLC boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after acquiring an additional 389 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its stake in shares of 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 worth $71,000 after acquiring an additional 809 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of Embraer-Empresa Brasileira de Aeronautica stock traded up $2.29 during trading on Tuesday, hitting $59.20. 1,794,571 shares of the company's stock were exchanged, compared to its average volume of 1,490,271. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 27.41 and a beta of 1.72. The business has a 50-day simple moving average of $48.89 and a 200-day simple moving average of $45.00. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $25.24 and a 52-week high of $59.83. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.32.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.19. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.48) EPS. On average, 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 declared a -- dividend, which was paid on Monday, June 2nd. Investors 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 currently 2.31%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ERJ. 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. The Goldman Sachs Group lifted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. 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. Wolfe Research restated a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, March 24th. Finally, HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price target for the company from $45.00 to $57.00 in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of "Moderate Buy" and an average price target 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.