MBA Advisors LLC Takes $520,000 Position in Embraer-Empresa Brasileira de Aeronautica $EMBJ

MBA Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 8,145 shares of the aerospace company’s stock, valued at approximately $520,000.

Several other large investors have also added to or reduced their stakes in EMBJ. Itau Unibanco Holding S.A. purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $68,460,000. Ameriprise Financial Inc. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 20.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock worth $58,644,000 after acquiring an additional 166,489 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $28,696,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at about $21,687,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $21,288,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Scotiabank began 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 target price on the stock. Weiss Ratings upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Finally, JPMorgan Chase & Co. increased their target price on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.7%

NYSE:EMBJ opened at $72.21 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $69.29 and a 200-day simple moving average of $64.83. The company has a market capitalization of $13.05 billion, a P/E ratio of 29.23, a PEG ratio of 1.58 and a beta of 1.40. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $53.56 and a 12 month high of $80.75.

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.