Rossby Financial LCC Makes New Investment in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Rossby Financial LCC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 5,578 shares of the aerospace company's stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ERJ. Invesco Ltd. increased its holdings 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 acquiring an additional 1,228,468 shares during the last quarter. Carrhae Capital LLP grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 48.1% during 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 959.2% in the fourth 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 during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $25,024,000. Finally, Ameriprise Financial Inc. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 902.5% during the fourth quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company's stock valued at $21,534,000 after buying an additional 528,508 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ERJ. UBS Group reaffirmed 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. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Wolfe Research restated a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Trading Up 3.3%

NYSE ERJ traded up $1.97 during trading on Friday, hitting $61.34. The stock had a trading volume of 914,233 shares, compared to its average volume of 1,490,571. Embraer-Empresa Brasileira de Aeronautica has a one year low of $26.04 and a one year high of $61.05. The stock has a 50 day simple moving average of $49.86 and a 200 day simple moving average of $45.43. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 28.40 and a beta of 1.72. 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 issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.19. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. Embraer-Empresa Brasileira de Aeronautica's quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company earned ($0.48) EPS. Sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share 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 paid 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 presently 2.31%.

About Embraer-Empresa Brasileira de Aeronautica

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.