GSA Capital Partners LLP Invests $938,000 in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

GSA Capital Partners LLP acquired a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,308 shares of the aerospace company’s stock, valued at approximately $938,000.

A number of other institutional investors also recently modified their holdings of the stock. Colonial Trust Co SC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $42,000. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 71.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 809 shares in the last quarter. Farther Finance Advisors LLC grew its position in Embraer-Empresa Brasileira de Aeronautica by 673.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 2,147 shares during the period. Redwood Investments LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $161,000. Finally, Quantinno Capital Management LP bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $227,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Trading Up 5.0%

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

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.19. The company 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 return on equity of 16.43% and a net margin of 6.02%. Embraer-Empresa Brasileira de Aeronautica’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the business posted ($0.48) earnings per share. Research 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 business also recently declared a — dividend, which was paid on Monday, June 2nd. Investors 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%.

Analyst Ratings Changes

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

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.