Waterfront Wealth Inc. Reduces Position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Waterfront Wealth Inc. decreased its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 21.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 43,543 shares of the aerospace company's stock after selling 12,050 shares during the period. Waterfront Wealth Inc.'s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $2,012,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Carrhae Capital LLP grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock worth $97,963,000 after acquiring an additional 866,919 shares during the period. Gilder Gagnon Howe & Co. LLC grew its holdings in 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 worth $89,465,000 after purchasing an additional 390,094 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 8.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock valued at $81,065,000 after purchasing an additional 176,182 shares in the last quarter. Invesco Ltd. boosted its position 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 purchasing an additional 1,228,468 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 959.2% in the 4th 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 during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. Wall Street Zen lowered 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 report on Thursday, April 24th. The Goldman Sachs Group raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their target price for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.2%

ERJ traded up $0.13 during trading on Wednesday, hitting $59.30. The stock had a trading volume of 1,574,881 shares, compared to its average volume of 1,490,610. The stock has a 50 day simple moving average of $48.89 and a two-hundred day simple moving average of $45.00. 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 twelve month low of $25.24 and a twelve month high of $59.83. The company has a market capitalization of $10.89 billion, a PE ratio of 27.45 and a beta of 1.72.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.43% and a net margin of 6.02%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the firm earned ($0.48) EPS. The business's quarterly revenue was up 23.0% on a year-over-year basis. On average, 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 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 (DPR) 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.