Schechter Investment Advisors LLC Has $1.13 Million Position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Schechter Investment Advisors LLC lessened its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 24.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,515 shares of the aerospace company's stock after selling 8,138 shares during the period. Schechter Investment Advisors LLC's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $1,133,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $28,000. Colonial Trust Co SC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $42,000. Edmond DE Rothschild Holding S.A. increased 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 purchasing an additional 809 shares during the period. Farther Finance Advisors LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 673.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after purchasing an additional 2,147 shares during the period. Finally, Quantbot Technologies LP bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $121,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ERJ has been the subject of several analyst reports. The Goldman Sachs Group lifted their price objective 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. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, March 24th. UBS Group reiterated a "sell" rating and set a $39.00 price objective (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Finally, HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price target for the stock from $45.00 to $57.00 in a research report 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Embraer-Empresa Brasileira de Aeronautica stock traded down $0.96 during mid-day trading on Monday, reaching $52.96. The company had a trading volume of 3,456,745 shares, compared to its average volume of 1,644,049. The business has a fifty day simple moving average of $50.98 and a 200 day simple moving average of $46.29. The company has a market cap of $9.73 billion, a P/E ratio of 24.52 and a beta of 1.72. 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 has a fifty-two week low of $26.04 and a fifty-two week high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its 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. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the firm earned ($0.48) EPS. The business's revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research 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 firm also recently announced 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 presently 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.