Causeway Capital Management LLC Invests $14.71 Million in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Causeway Capital Management LLC acquired approximately $14.71 million worth of shares in Embraer-Empresa Brasileira de Aeronautica, representing a new position for the firm.
• Embraer's stock has seen a considerable increase in institutional interest, with significant share acquisitions by firms like Robeco Institutional Asset Management and Jennison Associates LLC during the first quarter.
• Despite a revenue of $1.82 billion for the last quarter, Embraer reported a loss of ($0.02) earnings per share, significantly missing analysts' expectations.

Causeway Capital Management LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 318,335 shares of the aerospace company's stock, valued at approximately $14,707,000. Causeway Capital Management LLC owned 0.17% of Embraer-Empresa Brasileira de Aeronautica as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1,057.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company's stock worth $9,797,000 after acquiring an additional 193,739 shares in the last quarter. Jennison Associates LLC lifted its position in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the 1st quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock worth $190,629,000 after buying an additional 2,819,306 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $227,000. Janney Montgomery Scott LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the first quarter worth $249,000. Finally, Diversify Wealth Management LLC grew its stake in Embraer-Empresa Brasileira de Aeronautica by 13.0% in the first quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company's stock worth $2,004,000 after purchasing an additional 5,061 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE ERJ opened at $55.91 on Tuesday. The company has a fifty day moving average of $54.97 and a two-hundred day moving average of $49.53. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $31.76 and a 1 year high of $61.65. The company has a market capitalization of $10.27 billion, a PE ratio of 27.27 and a beta of 1.76. 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 (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share 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 quarter last year, the firm earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ERJ shares. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their target price for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. Finally, UBS Group raised their price target on shares of 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. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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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