TimesSquare Capital Management LLC Lowers Stock Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

TimesSquare Capital Management LLC lessened its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 52.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 474,472 shares of the aerospace company's stock after selling 521,889 shares during the period. TimesSquare Capital Management LLC owned approximately 0.26% of Embraer-Empresa Brasileira de Aeronautica worth $21,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1,057.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company's stock valued at $9,797,000 after purchasing an additional 193,739 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth about $227,000. Janney Montgomery Scott LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth about $249,000. Natixis Advisors LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 132.0% during the 4th quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company's stock worth $5,814,000 after acquiring an additional 90,187 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 20.7% during the 4th quarter. Sei Investments Co. now owns 239,423 shares of the aerospace company's stock worth $8,782,000 after acquiring an additional 41,143 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ERJ. Wolfe Research reissued a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, March 24th. UBS Group reissued 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. The Goldman Sachs Group increased their target price on 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 Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Finally, HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price target for the company 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 given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Stock Up 3.1%

Shares of NYSE ERJ traded up $1.62 during midday trading on Tuesday, hitting $54.52. 1,026,825 shares of the company's stock were exchanged, compared to its average volume of 1,638,496. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.32 and a quick ratio of 0.59. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $26.04 and a twelve month high of $61.65. The company has a market cap of $10.01 billion, a PE ratio of 25.24 and a beta of 1.72. The firm's fifty day simple moving average is $50.98 and its 200-day simple moving average is $46.29.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.21 by $0.19. The business 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 company's quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.48) EPS. Research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given 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 currently 2.31%.

Embraer-Empresa Brasileira de Aeronautica Company 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.