Ramirez Asset Management Inc. Decreases Stock Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Ramirez Asset Management Inc. decreased its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 41.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,620 shares of the aerospace company's stock after selling 68,660 shares during the quarter. Embraer-Empresa Brasileira de Aeronautica makes up 0.9% of Ramirez Asset Management Inc.'s investment portfolio, making the stock its 27th largest position. Ramirez Asset Management Inc. owned 0.05% of Embraer-Empresa Brasileira de Aeronautica worth $4,464,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Townsquare Capital LLC increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% in the fourth quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company's stock valued at $971,000 after acquiring an additional 454 shares during the period. Stifel Financial Corp boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 0.8% during the 4th quarter. Stifel Financial Corp now owns 75,785 shares of the aerospace company's stock valued at $2,780,000 after purchasing an additional 566 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 5.3% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company's stock valued at $569,000 after purchasing an additional 624 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 13.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 6,689 shares of the aerospace company's stock valued at $245,000 after purchasing an additional 789 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 2.0% during the 4th quarter. Bank of Montreal Can now owns 41,389 shares of the aerospace company's stock valued at $1,518,000 after purchasing an additional 799 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

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

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.9%

NYSE:ERJ opened at $47.39 on Tuesday. 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 debt-to-equity ratio of 0.56, a current ratio of 1.32 and a quick ratio of 0.59. The company's 50-day simple moving average is $51.29 and its 200 day simple moving average is $47.26. The firm has a market capitalization of $8.70 billion, a P/E ratio of 21.94 and a beta of 1.72.

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, topping 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. Embraer-Empresa Brasileira de Aeronautica's quarterly revenue was up 23.0% on a year-over-year basis. As a group, analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The company also recently announced a -- dividend, which was paid on Monday, June 2nd. Stockholders 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 dividend payout ratio is presently 1.85%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.