Corient IA LLC Invests $1.16 Million in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Corient IA LLC has invested $1.16 million in Embraer, acquiring 25,000 shares, which now makes up approximately 0.8% of its portfolio.
• JPMorgan Chase & Co. significantly increased its stake in Embraer by 654.5%, now holding about 3.5 million shares valued at around $161.7 million.
• Recent analyst ratings for Embraer show a mix of upgrades and downgrades, with four analysts giving a "buy" rating and one "strong buy," leading to a consensus rating of "Moderate Buy."

Corient IA LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,000 shares of the aerospace company's stock, valued at approximately $1,155,000. Embraer-Empresa Brasileira de Aeronautica makes up 0.8% of Corient IA LLC's investment portfolio, making the stock its 14th largest position.

Several other large investors have also recently modified their holdings of the stock. Townsquare Capital LLC increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% in the fourth quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company's stock worth $971,000 after buying an additional 454 shares during the period. Stifel Financial Corp increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 0.8% in the fourth quarter. Stifel Financial Corp now owns 75,785 shares of the aerospace company's stock worth $2,780,000 after buying an additional 566 shares during the period. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 5.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company's stock worth $569,000 after buying an additional 624 shares during the period. US Bancorp DE increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.4% in the first quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock worth $184,000 after buying an additional 648 shares during the period. Finally, Tudor Investment Corp ET AL grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 13.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 6,689 shares of the aerospace company's stock worth $245,000 after purchasing an additional 789 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.0%

Embraer-Empresa Brasileira de Aeronautica stock traded up $0.5790 during trading hours on Thursday, hitting $56.2390. 2,228,690 shares of the stock traded hands, compared to its average volume of 1,782,782. The firm's 50-day moving average price is $54.57 and its two-hundred day moving average price is $49.16. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58. The company has a market cap of $10.33 billion, a PE ratio of 27.43 and a beta of 1.76. Embraer-Empresa Brasileira de Aeronautica has a one year low of $31.76 and a one year high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted 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). The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

ERJ has been the topic of several recent analyst reports. Wolfe Research raised 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 note on Thursday, July 31st. The Goldman Sachs Group raised their target price on 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. Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. HSBC raised 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 note on Wednesday, June 4th. Finally, Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.67.

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.