XTX Topco Ltd Takes Position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

XTX Topco Ltd purchased a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,859 shares of the aerospace company’s stock, valued at approximately $1,010,000.

Other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the 1st quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company’s stock worth $190,629,000 after acquiring an additional 2,819,306 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted 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 during the period. Invesco Ltd. grew its stake in 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 worth $45,323,000 after purchasing an additional 1,228,468 shares in the last quarter. AQR Capital Management LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 104.4% during the 4th quarter. AQR Capital Management LLC now owns 795,528 shares of the aerospace company’s stock worth $28,909,000 after purchasing an additional 406,384 shares during the period. Finally, Nicholas Investment Partners LP raised its position in Embraer-Empresa Brasileira de Aeronautica by 11.0% during the 4th quarter. Nicholas Investment Partners LP now owns 648,085 shares of the aerospace company’s stock valued at $23,772,000 after purchasing an additional 64,098 shares in the last quarter. Hedge funds and other 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 capitalization of $10.46 billion, a PE ratio of 26.36 and a beta of 1.76. The company has a 50-day simple moving average of $51.84 and a two-hundred day simple moving average of $47.67. 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 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 (NYSE:ERJ) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned ($0.48) EPS. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. Research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The firm also recently declared a — dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given 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 presently 2.31%.

Analyst Ratings Changes

ERJ has been the topic of a number of recent research reports. 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. HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. The Goldman Sachs Group raised 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 research report on Monday, May 12th. Wolfe Research raised shares of 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 report on Thursday. Finally, UBS Group reiterated a “sell” rating and set 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. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.67.

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.