Advisors Asset Management Inc. Boosts Holdings in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Advisors Asset Management Inc. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 44.5% during the 1st quarter, acquiring an additional 10,491 shares, bringing their total holdings to 34,063 shares valued at approximately $1.57 million.
• Analysts have varied opinions on the stock; Goldman Sachs upgraded its target price to $67 with a "buy" rating, while Zacks downgraded the stock from "hold" to "strong sell."
• Embraer reported a net loss of ($0.02) EPS for the last quarter, missing analyst estimates significantly but achieving revenue of $1.82 billion, surpassing expectations.

Advisors Asset Management Inc. lifted its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 44.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,063 shares of the aerospace company's stock after purchasing an additional 10,491 shares during the period. Advisors Asset Management Inc.'s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 241.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock worth $82,000 after acquiring an additional 1,249 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 673.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock worth $114,000 after acquiring an additional 2,147 shares during the last quarter. Redwood Investments LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $161,000. Finally, PNC Financial Services Group Inc. grew its stake in Embraer-Empresa Brasileira de Aeronautica by 47.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company's stock worth $176,000 after acquiring an additional 1,216 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE:ERJ traded down $0.55 during trading hours on Friday, hitting $58.25. 247,159 shares of the company were exchanged, compared to its average volume of 1,747,076. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 28.42 and a beta of 1.87. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $32.26 and a 52-week high of $62.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. The company's 50 day moving average price is $55.75 and its 200-day moving average price is $50.85.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period last year, the company earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

ERJ has been the subject of several research analyst reports. Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. The Goldman Sachs Group boosted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a report on Thursday, August 7th. UBS Group boosted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a "sell" rating in a report on Friday, August 15th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price target for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica has an average rating of "Moderate Buy" and a consensus target price of $59.40.

About Embraer-Empresa Brasileira de Aeronautica

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.