Alberta Investment Management Corp Has $7.40 Million Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Alberta Investment Management Corp grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 37.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,163 shares of the aerospace company’s stock after acquiring an additional 43,520 shares during the quarter. Alberta Investment Management Corp owned 0.09% of Embraer-Empresa Brasileira de Aeronautica worth $7,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Colonial Trust Co SC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $42,000. Farther Finance Advisors LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 673.0% during the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 2,147 shares during the last quarter. Redwood Investments LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $161,000. US Bancorp DE increased its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 19.4% in the first quarter. US Bancorp DE now owns 3,984 shares of the aerospace company’s stock valued at $184,000 after buying an additional 648 shares during the period. Finally, Quantinno Capital Management LP bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $227,000. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $56.93 on Friday. The company has a market cap of $10.46 billion, a P/E ratio of 26.36 and a beta of 1.76. 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 business has a 50-day moving average price of $51.84 and a two-hundred day moving average price of $47.61. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $26.04 and a 1-year high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released 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. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The business 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 posted ($0.48) earnings per share. The firm’s revenue was up 23.0% on a year-over-year basis. As a group, analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

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

Wall Street Analyst Weigh In

ERJ has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of 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. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 4th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and increased their price objective for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. UBS Group reaffirmed a “sell” rating and set a $39.00 target price (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. Finally, Wolfe Research raised 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have assigned 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 $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.