Y Intercept Hong Kong Ltd Purchases Shares of 38,923 Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Y Intercept Hong Kong Ltd 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,923 shares of the aerospace company's stock, valued at approximately $1,798,000.

Several other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC lifted its holdings 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 17,140.6% in the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after purchasing an additional 1,228,468 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 902.5% in 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. AQR Capital Management LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 104.4% in the fourth quarter. AQR Capital Management LLC now owns 795,528 shares of the aerospace company's stock valued at $28,909,000 after purchasing an additional 406,384 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings 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 in the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.4%

Embraer-Empresa Brasileira de Aeronautica stock traded up $0.20 during mid-day trading on Friday, hitting $47.81. 1,629,258 shares of the company's stock were exchanged, compared to its average volume of 1,678,758. The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56. The stock has a market cap of $8.78 billion, a P/E ratio of 22.14 and a beta of 1.72. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $26.04 and a 1-year high of $61.65. The stock has a 50 day moving average of $51.36 and a two-hundred day moving average of $47.00.

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 EPS for the quarter, topping 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 net margin of 6.02% and a return on equity of 16.43%. The business's quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.48) earnings per share. As a group, analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given a dividend of $0.049 per share. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is 2.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. The Goldman Sachs Group upped their price target on shares of 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 raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and upped their price target for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Finally, UBS Group reaffirmed a "sell" rating and issued a $39.00 price target (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned 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.com, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of "Moderate Buy" and an average price target of $50.40.

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.