130,745 Shares in Embraer-Empresa Brasileira de Aeronautica $EMBJ Bought by Bearing Point Capital LLC

Bearing Point Capital LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) during the fourth quarter, HoldingsChannel reports. The firm acquired 130,745 shares of the aerospace company’s stock, valued at approximately $8,416,000. Embraer-Empresa Brasileira de Aeronautica comprises 1.3% of Bearing Point Capital LLC’s holdings, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CoreCap Advisors LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $39,000. 1620 Investment Advisors Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $44,000. Thoroughbred Financial Services LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 4.7% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 16,184 shares of the aerospace company’s stock valued at $978,000 after buying an additional 730 shares during the last quarter. Jones Financial Companies Lllp increased its stake in 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 buying an additional 747 shares during the last quarter. Finally, Fred Alger Management LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 5.8% in the 3rd quarter. Fred Alger Management LLC now owns 15,918 shares of the aerospace company’s stock valued at $962,000 after buying an additional 867 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. JPMorgan Chase & Co. lowered their price target 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 note on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of EMBJ opened at $57.67 on Friday. The firm has a 50-day moving average of $61.46 and a 200-day moving average of $65.87. Embraer-Empresa Brasileira de Aeronautica has a one year low of $45.20 and a one year high of $80.75. The company has a market cap of $10.42 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.39 and a beta of 1.51. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.73.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings data on Saturday, February 14th. The aerospace company reported $0.46 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, equities analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.9 earnings per share for the current 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.