Amundi Sells 52,088 Shares of Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Amundi has reduced its stake in Embraer-Empresa Brasileira de Aeronautica by 4.5%, selling 52,088 shares and owning a total of 1,092,858 shares worth approximately $49.36 million.
• Other institutional investors like Robeco Institutional Asset Management B.V. and Jennison Associates LLC significantly increased their positions in Embraer during the same quarter, indicating mixed institutional sentiment.
• Embraer reported a loss of ($0.02) earnings per share for the most recent quarter, missing estimates, while revenue reached $1.82 billion, surpassing expectations of $1.67 billion.

Amundi cut its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,092,858 shares of the aerospace company's stock after selling 52,088 shares during the quarter. Amundi owned approximately 0.60% of Embraer-Empresa Brasileira de Aeronautica worth $49,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ERJ. Brighton Jones LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $502,000. First Trust Advisors LP bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $275,000. Northern Trust Corp lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 253.4% in the fourth quarter. Northern Trust Corp now owns 360,337 shares of the aerospace company's stock valued at $13,217,000 after purchasing an additional 258,387 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 902.5% in the fourth quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company's stock valued at $21,534,000 after purchasing an additional 528,508 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 10.3% in the fourth quarter. Millennium Management LLC now owns 464,744 shares of the aerospace company's stock valued at $17,047,000 after acquiring an additional 43,545 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ERJ. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price objective for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. UBS Group increased their price objective on 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. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Bank of America increased their price objective on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a "buy" rating in a report on Thursday. Finally, Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Two equities research 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

ERJ traded down $0.54 during trading on Friday, reaching $58.27. The stock had a trading volume of 247,159 shares, compared to its average volume of 1,747,076. The stock has a market cap of $10.70 billion, a PE ratio of 28.42 and a beta of 1.87. 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 has a one year low of $32.26 and a one year high of $62.09. The business has a 50-day moving average of $55.75 and a 200-day moving average of $50.85.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). The firm had revenue of $1.82 billion during 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 prior year, the company earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS 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.