Embraer-Empresa Brasileira de Aeronautica $ERJ Shares Sold by American Trust Investment Advisors LLC

Key Points

• American Trust Investment Advisors LLC decreased its stake in Embraer by 19.3%, now holding shares worth approximately $3.70 million, making it the firm’s 29th biggest position.
• Several hedge funds significantly increased their holdings in Embraer during the first quarter, with GQG Partners acquiring a new position worth $276 million, indicating growing institutional interest in the company.
• Analysts have mixed ratings for Embraer, with two categorizing it as a Strong Buy, while others differ, leading to an average rating of Moderate Buy and a target price of $54.67.

American Trust Investment Advisors LLC cut its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 19.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 80,167 shares of the aerospace company's stock after selling 19,150 shares during the period. Embraer-Empresa Brasileira de Aeronautica makes up approximately 1.5% of American Trust Investment Advisors LLC's holdings, making the stock its 29th largest holding. American Trust Investment Advisors LLC's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $3,704,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. WPG Advisers LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth $25,000. Colonial Trust Co SC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $42,000. Northwestern Mutual Wealth Management Co. raised its position in Embraer-Empresa Brasileira de Aeronautica by 241.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock valued at $82,000 after buying an additional 1,249 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 673.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after acquiring an additional 2,147 shares during the last quarter. Finally, Redwood Investments LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $161,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE:ERJ traded down $1.20 during midday trading on Monday, reaching $59.77. The company's stock had a trading volume of 782,722 shares, compared to its average volume of 1,754,254. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $10.98 billion, a PE ratio of 29.17 and a beta of 1.87. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $32.26 and a twelve month high of $61.65. The stock has a fifty day moving average of $55.71 and a 200 day moving average of $50.48.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ERJ. The Goldman Sachs Group boosted their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price target for the company in a report on Thursday, July 31st. Zacks Research downgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Finally, UBS Group boosted 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 note on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $57.40.

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.