Bank of Hawaii Decreases Holdings in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Bank of Hawaii has decreased its stake in Embraer-Empresa Brasileira de Aeronautica by 24.1% in the first quarter, resulting in ownership of 17,186 shares valued at approximately $794,000.
• In addition to Bank of Hawaii's divestment, other institutional investors also modified their holdings, with RPg Family Wealth Advisory LLC acquiring a new stake valued at around $4.85 million.
• Embraer reported a quarterly EPS of ($0.02), missing analyst estimates significantly, but had a revenue of $1.82 billion for the quarter, outperforming expected figures.

Bank of Hawaii reduced its stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 24.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,186 shares of the aerospace company's stock after selling 5,447 shares during the period. Bank of Hawaii's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ERJ. RPg Family Wealth Advisory LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at about $4,849,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 241.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock worth $82,000 after acquiring an additional 1,249 shares during the period. Compound Planning Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth approximately $292,000. Ameriprise Financial Inc. grew its position in Embraer-Empresa Brasileira de Aeronautica by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 791,509 shares of the aerospace company's stock valued at $36,569,000 after acquiring an additional 204,443 shares in the last quarter. Finally, Atika Capital Management LLC grew its position in Embraer-Empresa Brasileira de Aeronautica by 9.2% in the first quarter. Atika Capital Management LLC now owns 149,100 shares of the aerospace company's stock valued at $6,888,000 after acquiring an additional 12,500 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Price Performance

ERJ opened at $56.9140 on Monday. The company has a market capitalization of $10.45 billion, a P/E ratio of 27.76 and a beta of 1.76. The company has a 50-day moving average of $54.87 and a 200-day moving average of $49.44. 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 1-year low of $31.76 and a 1-year high of $61.65.

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) 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 analyst estimates of $1.67 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%.During the same quarter last year, the business posted $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. 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 analysts have recently commented on ERJ shares. Wolfe Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a research report on Thursday, July 31st. 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 report on Thursday, August 7th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and upped their price objective for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. UBS Group lifted 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 Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $54.67.

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.

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