Jennison Associates LLC Acquires 2,819,306 Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Jennison Associates LLC lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 215.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,126,160 shares of the aerospace company’s stock after acquiring an additional 2,819,306 shares during the period. Jennison Associates LLC owned approximately 2.25% of Embraer-Empresa Brasileira de Aeronautica worth $190,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $28,000. Colonial Trust Co SC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $42,000. Edmond DE Rothschild Holding S.A. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 71.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company’s stock valued at $71,000 after purchasing an additional 809 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 673.0% in the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 2,147 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $121,000. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.4%

Shares of ERJ opened at $50.32 on Friday. The company’s fifty day moving average is $51.36 and its 200 day moving average is $46.59. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $26.04 and a fifty-two week high of $61.65. The stock has a market capitalization of $9.24 billion, a PE ratio of 23.28 and a beta of 1.72. 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 announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business 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 expect 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 company also recently disclosed a — dividend, which was paid on Monday, June 2nd. Shareholders 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 payout ratio is 2.31%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group restated a “sell” rating and set a $39.00 price target (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. The Goldman Sachs Group upped their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, May 12th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. Wolfe Research restated a “peer perform” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. Finally, Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica 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.