Bayforest Capital Ltd Takes Position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Bayforest Capital Ltd bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,828 shares of the aerospace company’s stock, valued at approximately $315,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1,057.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company’s stock valued at $9,797,000 after acquiring an additional 193,739 shares during the last quarter. Jennison Associates LLC boosted its holdings in 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. Quantinno Capital Management LP purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $227,000. Janney Montgomery Scott LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth approximately $249,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 39.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,212 shares of the aerospace company’s stock worth $888,000 after buying an additional 6,822 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on ERJ shares. UBS Group reaffirmed a “sell” rating and issued a $39.00 target price (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. The Goldman Sachs Group raised their price objective on Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, May 12th. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 target price for the company in a report on Thursday. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 4th. Finally, HSBC raised Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has an average rating of “Moderate Buy” and a consensus price target of $52.67.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of ERJ stock opened at $57.56 on Friday. The stock’s 50-day moving average price is $51.65 and its 200 day moving average price is $47.47. The company has a quick ratio of 0.59, a current ratio of 1.32 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $10.57 billion, a PE ratio of 26.65 and a beta of 1.72. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $26.04 and a 52-week high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted ($0.48) EPS. The company’s revenue was up 23.0% on a year-over-year basis. As a group, equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The company also recently disclosed 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 dividend payout ratio is presently 1.85%.

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.