24,500 Shares in Embraer-Empresa Brasileira de Aeronautica $EMBJ Acquired by Aureus Asset Management LLC

Aureus Asset Management LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 24,500 shares of the aerospace company’s stock, valued at approximately $1,577,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $7,362,000. Russell Investments Group Ltd. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $21,288,000. Ibex Wealth Advisors acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $4,792,000. Captrust Financial Advisors acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $239,000. Finally, Fred Alger Management LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $1,087,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 2.7%

Shares of NYSE:EMBJ opened at $61.51 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $46.54 and a 52-week high of $80.75. The company has a 50 day moving average of $61.02 and a two-hundred day moving average of $65.16. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 1.44 and a beta of 1.46.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last issued its quarterly earnings data on Saturday, February 14th. The aerospace company reported $0.46 earnings per share (EPS) for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. The company had revenue of $2.65 billion during the quarter. As a group, analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EMBJ has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Finally, Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.29.

About Embraer-Empresa Brasileira de Aeronautica

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.