Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 72.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,781 shares of the aerospace company’s stock after selling 127,821 shares during the period. Principal Financial Group Inc.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $2,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ERJ. Invesco Ltd. grew 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. Carrhae Capital LLP grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 48.1% in the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after purchasing an additional 866,919 shares in the last quarter. Ameriprise Financial Inc. grew 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 grew 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 grew 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 and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Down 3.3%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $49.34 on Friday. 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 one year low of $26.04 and a one year high of $61.65. The company has a market cap of $9.06 billion, a P/E ratio of 22.84 and a beta of 1.72. The firm has a fifty day moving average of $51.38 and a two-hundred day moving average of $46.68.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.19. The business had revenue of $1.10 billion during 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 revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.48) EPS. On average, analysts forecast 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 declared a — dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is presently 2.31%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ERJ. The Goldman Sachs Group upped their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a “buy” rating in a report on Monday, May 12th. UBS Group restated 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 report on Thursday, April 24th. Wolfe Research restated a “peer perform” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Finally, Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of “Moderate Buy” and an average target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Company 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.