365,470 Shares in Embraer-Empresa Brasileira de Aeronautica $EMBJ Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 365,470 shares of the aerospace company’s stock, valued at approximately $21,687,000.

Other hedge funds also recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $39,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $44,000. Gen Wealth Partners Inc acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $74,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $90,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 747 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of EMBJ opened at $60.92 on Tuesday. The company has a market capitalization of $11.01 billion, a PE ratio of 35.63, a PEG ratio of 1.46 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 1.48. The company’s 50 day moving average price is $60.72 and its 200 day moving average price is $65.07. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $46.54 and a 52 week high of $80.75.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $2.65 billion during the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. Research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.9 EPS for the current fiscal year.

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.