6,129 Shares in Embraer-Empresa Brasileira de Aeronautica $ERJ Acquired by Aprio Wealth Management LLC

Key Points

• Aprio Wealth Management LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica, purchasing 6,129 shares valued at approximately $283,000 in the 1st quarter of 2023.
• Other institutional investors, including GQG Partners LLC and JPMorgan Chase & Co., significantly increased their holdings in Embraer during the same period, reflecting growing institutional interest.
• Embraer’s stock price reached $58.84 with a market cap of $10.81 billion, reporting a year low of $32.26 and a year high of $61.65, while the company missed earnings expectations by a wide margin in its last quarterly report.

Aprio Wealth Management LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,129 shares of the aerospace company's stock, valued at approximately $283,000.

Several other large investors have also made changes to their positions in the company. WPG Advisers LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth about $25,000. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 5.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company's stock worth $569,000 after purchasing an additional 624 shares during the last quarter. US Bancorp DE grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.4% in the 1st quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock worth $184,000 after purchasing an additional 648 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 13.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 6,689 shares of the aerospace company's stock worth $245,000 after purchasing an additional 789 shares during the last quarter. Finally, Vident Advisory LLC raised its position in Embraer-Empresa Brasileira de Aeronautica by 6.7% in the 1st quarter. Vident Advisory LLC now owns 15,015 shares of the aerospace company's stock valued at $694,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. 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. 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. The Goldman Sachs Group increased their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. Finally, Wolfe Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective on the stock in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of "Moderate Buy" and an average target price of $57.40.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.6%

Shares of NYSE ERJ traded up $0.34 during mid-day trading on Wednesday, hitting $60.53. The company's stock had a trading volume of 921,985 shares, compared to its average volume of 1,750,924. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 29.54 and a beta of 1.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. Embraer-Empresa Brasileira de Aeronautica has a one year low of $32.26 and a one year high of $62.09. The company's fifty day simple moving average is $55.80 and its 200-day simple moving average is $50.68.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.49). The business 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 last year, the business posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

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.