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

U S Global Investors Inc. lowered its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 50.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,139 shares of the aerospace company's stock after selling 73,852 shares during the period. U S Global Investors Inc.'s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $3,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of 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 worth $45,323,000 after acquiring an additional 1,228,468 shares during the last quarter. Carrhae Capital LLP grew its holdings in 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 worth $97,963,000 after buying an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 959.2% during 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 buying an additional 746,758 shares in the last quarter. Victory Capital Management Inc. bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $25,024,000. Finally, Ameriprise Financial Inc. lifted its position in shares of 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 purchasing an additional 528,508 shares in the last quarter. Institutional investors own 34.65% of the company's stock.

Wall Street Analyst Weigh In

ERJ has been the topic of a number of research reports. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Monday, March 10th. UBS Group reaffirmed a "sell" rating and set a $39.00 price target (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. HSBC upgraded 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 note on Wednesday, June 4th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of ERJ traded up $2.29 during midday trading on Tuesday, hitting $59.20. 1,766,925 shares of the company traded hands, compared to its average volume of 1,490,531. Embraer-Empresa Brasileira de Aeronautica has a one year low of $25.24 and a one year high of $60.73. The firm has a market cap of $10.87 billion, a P/E ratio of 27.41 and a beta of 1.68. 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 stock has a 50-day moving average of $48.56 and a 200-day moving average of $44.90.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the firm posted ($0.48) EPS. Embraer-Empresa Brasileira de Aeronautica's revenue was up 23.0% on a year-over-year basis. As a group, sell-side 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 business also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued 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 currently 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.