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

Several other institutional investors have also made changes to their positions in ERJ. GQG Partners LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at about $276,246,000. JPMorgan Chase & Co. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 654.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock valued at $161,737,000 after buying an additional 3,036,797 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 215.7% during the 1st quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after buying an additional 2,819,306 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at about $84,931,000. Finally, Invesco Ltd. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 116.8% during the 1st quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock valued at $123,762,000 after buying an additional 1,443,186 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE ERJ opened at $59.38 on Thursday. 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 business's 50 day moving average is $55.80 and its two-hundred day moving average is $50.74. The company has a market cap of $10.91 billion, a P/E ratio of 28.97 and a beta of 1.87. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $32.26 and a 12 month high of $62.09.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) 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 return on equity of 13.38% and a net margin of 5.43%.During the same period in the prior year, the firm earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, equities analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group boosted their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Friday, August 15th. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price for the company in a report on Thursday, July 31st. Finally, The Goldman Sachs Group boosted their target price on 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. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $57.40.

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.

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