L & S Advisors Inc Buys Shares of 29,115 Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

L & S Advisors Inc acquired a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,115 shares of the aerospace company’s stock, valued at approximately $1,345,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Embraer-Empresa Brasileira de Aeronautica by 47.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company’s stock worth $176,000 after purchasing an additional 1,216 shares during the last quarter. Alberta Investment Management Corp lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 37.3% during the 1st quarter. Alberta Investment Management Corp now owns 160,163 shares of the aerospace company’s stock valued at $7,400,000 after acquiring an additional 43,520 shares during the period. US Bancorp DE lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 19.4% during the 1st quarter. US Bancorp DE now owns 3,984 shares of the aerospace company’s stock valued at $184,000 after acquiring an additional 648 shares during the period. Baader Bank Aktiengesellschaft lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 56.7% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 15,669 shares of the aerospace company’s stock valued at $713,000 after acquiring an additional 5,669 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $315,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.1%

Shares of ERJ opened at $56.93 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $26.04 and a 12-month high of $61.65. The firm has a 50-day moving average price of $51.84 and a 200 day moving average price of $47.73. The firm has a market capitalization of $10.46 billion, a P/E ratio of 26.36 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm posted ($0.48) earnings per share. Embraer-Empresa Brasileira de Aeronautica’s quarterly revenue was up 23.0% on a year-over-year basis. Sell-side analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The business also recently announced a — dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given 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%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ERJ shares. UBS Group reiterated 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 note on Thursday, April 24th. 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 report on Thursday. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 4th. The Goldman Sachs Group boosted their price target 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. Finally, HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. 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 given a strong buy rating to the stock. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica 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.