Bessemer Group Inc. Makes New Investment in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Bessemer Group Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,207 shares of the aerospace company’s stock, valued at approximately $287,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $28,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $37,000. Colonial Trust Co SC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $42,000. Lindbrook Capital LLC boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 71.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company’s stock worth $71,000 after acquiring an additional 809 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. The Goldman Sachs Group increased 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 research report on Monday, May 12th. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 4th. UBS Group reiterated a “sell” rating and set a $39.00 price target (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE:ERJ opened at $59.30 on Thursday. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 27.45 and a beta of 1.72. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.32 and a quick ratio of 0.59. The firm has a 50 day simple moving average of $49.19 and a 200 day simple moving average of $45.09. Embraer-Empresa Brasileira de Aeronautica has a one year low of $26.04 and a one year high of $59.83.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.21 by $0.19. The business 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 net margin of 6.02% and a return on equity of 16.43%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.48) EPS. Research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

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

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.