Bayforest Capital Ltd Makes New Investment in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Bayforest Capital Ltd has taken a new position in Embraer-Empresa Brasileira de Aeronautica, purchasing 6,828 shares valued at approximately $315,000 in the 1st quarter.
• Larger institutional investors, including GQG Partners LLC, JPMorgan Chase & Co., and Jennison Associates LLC, have also significantly increased their stakes in Embraer during the same period.
• Embraer reported a loss of ($0.02) EPS for its latest quarter, missing the consensus estimate, although its revenue of $1.82 billion exceeded expectations.

Bayforest Capital Ltd purchased a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,828 shares of the aerospace company's stock, valued at approximately $315,000.

Several other institutional investors have also modified their holdings of ERJ. Brighton Jones LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $502,000. Northern Trust Corp grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 253.4% during the fourth quarter. Northern Trust Corp now owns 360,337 shares of the aerospace company's stock worth $13,217,000 after purchasing an additional 258,387 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 902.5% during the fourth quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company's stock worth $21,534,000 after purchasing an additional 528,508 shares in the last quarter. Millennium Management LLC grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 10.3% during the fourth quarter. Millennium Management LLC now owns 464,744 shares of the aerospace company's stock worth $17,047,000 after purchasing an additional 43,545 shares in the last quarter. Finally, Nicholas Investment Partners LP grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 11.0% during the fourth quarter. Nicholas Investment Partners LP now owns 648,085 shares of the aerospace company's stock worth $23,772,000 after purchasing an additional 64,098 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Wall Street Analyst Weigh In

ERJ has been the subject of a number of research reports. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group upped their target price on shares of 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. The Goldman Sachs Group upped their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, Bank of America boosted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.40.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.5%

Shares of ERJ stock traded up $0.30 during mid-day trading on Tuesday, reaching $57.26. The company's stock had a trading volume of 287,225 shares, compared to its average volume of 1,737,362. The company's 50 day simple moving average is $55.61 and its 200-day simple moving average is $51.11. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $32.26 and a 12-month high of $62.09. 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 $10.52 billion, a PE ratio of 27.91 and a beta of 1.87.

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) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations 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 business posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Company 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.