Axiom Investors LLC DE Has $33.76 Million Stock Position in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Axiom Investors LLC DE has reduced its stake in Embraer-Empresa Brasileira de Aeronautica by 5.4%, holding approximately $33.76 million worth of shares.
• Analysts have given mixed ratings on Embraer's stock, with Wolfe Research upgrading it to "outperform" and setting a price target of $64, while UBS maintains a "sell" rating with a target of $44.
• In its latest earnings report, Embraer missed the consensus EPS estimate, reporting a loss of ($0.02) while generating revenue of $1.82 billion, exceeding analyst expectations.

Axiom Investors LLC DE lessened its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 730,640 shares of the aerospace company's stock after selling 41,642 shares during the quarter. Axiom Investors LLC DE owned approximately 0.40% of Embraer-Empresa Brasileira de Aeronautica worth $33,756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GQG Partners LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $276,246,000. Jennison Associates LLC grew its stake 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 worth $190,629,000 after purchasing an additional 2,819,306 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 worth $161,737,000 after purchasing an additional 3,036,797 shares during the last quarter. Invesco Ltd. grew its stake 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 worth $123,762,000 after purchasing an additional 1,443,186 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock worth $89,465,000 after purchasing an additional 390,094 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

ERJ has been the topic of several analyst reports. The Goldman Sachs Group boosted 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 research note on Thursday, August 7th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Zacks Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Finally, Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of "Moderate Buy" and an average price target of $54.67.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.7%

ERJ stock traded down $0.41 during midday trading on Wednesday, hitting $55.84. The stock had a trading volume of 846,391 shares, compared to its average volume of 1,766,857. The business has a fifty day moving average price of $55.07 and a two-hundred day moving average price of $49.58. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $31.76 and a 1-year high of $61.65. The firm has a market cap of $10.26 billion, a P/E ratio of 27.24 and a beta of 1.76. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.43% and a return on equity of 13.38%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, sell-side analysts predict 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.