U S Global Investors Inc. Lowers Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

U S Global Investors Inc. cut its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 50.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,139 shares of the aerospace company's stock after selling 73,852 shares during the quarter. U S Global Investors Inc.'s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $3,333,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

ERJ has been the subject of several recent analyst reports. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Monday, March 10th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. UBS Group reissued a "sell" rating and issued a $39.00 target price (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group raised 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 report on Monday, May 12th. One investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

NYSE:ERJ traded up $2.00 during trading hours on Monday, reaching $56.95. The stock had a trading volume of 635,476 shares, compared to its average volume of 1,570,197. 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 has a 52 week low of $25.24 and a 52 week high of $57.08. The company has a 50 day moving average price of $48.27 and a two-hundred day moving average price of $44.75. The stock has a market capitalization of $10.46 billion, a PE ratio of 26.37 and a beta of 1.68.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.19. The firm 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 company's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.48) EPS. As a group, sell-side analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share 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. Investors of record on Friday, May 16th were issued a dividend of $0.049 per share. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is currently 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.