70,574 Shares in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC has made a new investment of approximately $3.26 million in Embraer-Empresa Brasileira de Aeronautica by acquiring 70,574 shares during the first quarter.
• Embraer reported an earnings per share of ($0.02) for the latest quarter, significantly missing analysts' expectations of $0.47 EPS.
• Several analysts have upgraded their ratings on Embraer's stock, with new price targets ranging from $39.00 to $67.00, indicating a consensus rating of "Moderate Buy."

Virtu Financial LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 70,574 shares of the aerospace company's stock, valued at approximately $3,261,000.

Several other large investors also recently made changes to their positions in the company. Jennison Associates LLC increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 215.7% in the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after purchasing an additional 2,819,306 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock valued at $161,737,000 after purchasing an additional 3,036,797 shares during the period. Invesco Ltd. increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 116.8% in the first quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock valued at $123,762,000 after purchasing an additional 1,443,186 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after purchasing an additional 390,094 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 47.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,215,393 shares of the aerospace company's stock valued at $56,151,000 after purchasing an additional 390,786 shares during the period. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Price Performance

NYSE:ERJ traded up $0.99 during trading hours on Tuesday, reaching $58.76. 937,440 shares of the company's stock were exchanged, compared to its average volume of 2,733,817. The company has a market capitalization of $10.79 billion, a P/E ratio of 28.66 and a beta of 1.76. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $31.76 and a 12 month high of $61.65. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. The business's 50-day simple moving average is $53.37 and its two-hundred day simple moving average is $48.51.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.67 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. During the same quarter in the previous year, the business posted $0.44 earnings per share. Sell-side analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. UBS Group reiterated a "sell" rating and set a $39.00 price objective (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. Finally, Wolfe Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $53.83.

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.