Advisors Asset Management Inc. Has $1.57 Million Stock 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. boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 44.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,063 shares of the aerospace company's stock after purchasing an additional 10,491 shares during the quarter. Advisors Asset Management Inc.'s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $1,574,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GQG Partners LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $276,246,000. JPMorgan Chase & Co. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock valued at $161,737,000 after acquiring an additional 3,036,797 shares during the period. Jennison Associates LLC boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 215.7% in the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after acquiring an additional 2,819,306 shares during the period. Nuveen LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $84,931,000. Finally, Invesco Ltd. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 116.8% in the first quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock valued at $123,762,000 after acquiring an additional 1,443,186 shares during the period. Institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

ERJ has been the subject of several research reports. The Goldman Sachs Group increased their price objective on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group raised their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a "sell" rating in a research report on Friday, August 15th. Finally, HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their target price for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of "Moderate Buy" and a consensus target price of $57.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE ERJ traded down $0.16 during midday trading on Tuesday, reaching $60.15. 1,010,023 shares of the company traded hands, compared to its average volume of 1,462,105. The firm has a market cap of $11.05 billion, a PE ratio of 29.34 and a beta of 1.87. The stock's 50-day simple moving average is $55.80 and its 200-day simple moving average is $50.68. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $32.26 and a 12 month high of $61.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33.

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

Embraer-Empresa Brasileira de Aeronautica Profile

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.