Navellier & Associates Inc. Sells 16,187 Shares of Embraer-Empresa Brasileira de Aeronautica $EMBJ

Navellier & Associates Inc. lessened its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) by 16.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,698 shares of the aerospace company’s stock after selling 16,187 shares during the period. Navellier & Associates Inc.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $5,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EMBJ. Jones Financial Companies Lllp raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 747 shares during the period. First Horizon Advisors Inc. grew its stake in Embraer-Empresa Brasileira de Aeronautica by 1,608.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company’s stock valued at $123,000 after buying an additional 2,043 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 15.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock valued at $130,000 after acquiring an additional 291 shares during the period. Rexford Capital Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the second quarter worth approximately $203,000. Finally, Everett Harris & Co. CA bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter worth approximately $239,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EMBJ shares. Citigroup increased their target price on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. upped their price objective on Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE EMBJ opened at $72.52 on Tuesday. The business has a fifty day moving average price of $69.38 and a two-hundred day moving average price of $63.33. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.55. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $38.78 and a fifty-two week high of $80.75.

Embraer-Empresa Brasileira de Aeronautica declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA (NYSE:EMBJ), legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.

Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.