Driehaus Capital Management LLC Has $94.61 Million Holdings in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Driehaus Capital Management LLC has reduced its stake in Embraer-Empresa Brasileira de Aeronautica by 7.1%, now owning approximately $94.61 million worth of the company's stock.
• Robeco Institutional Asset Management B.V. significantly increased its holdings in Embraer by 1,057.8%, while Jennison Associates LLC also raised its stake by 215.7% in the same quarter.
• Analysts have varied opinions on Embraer, with Zacks Research downgrading the stock to a "strong sell" and other firms adjusting target prices, leading to an overall average rating of "Moderate Buy" with a consensus target price of $54.67.

Driehaus Capital Management LLC cut its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,047,845 shares of the aerospace company's stock after selling 155,729 shares during the period. Embraer-Empresa Brasileira de Aeronautica comprises approximately 0.9% of Driehaus Capital Management LLC's holdings, making the stock its 19th largest holding. Driehaus Capital Management LLC owned approximately 1.12% of Embraer-Empresa Brasileira de Aeronautica worth $94,610,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $25,000. Colonial Trust Co SC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $42,000. Northwestern Mutual Wealth Management Co. grew its position in Embraer-Empresa Brasileira de Aeronautica by 241.6% during 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 last quarter. Farther Finance Advisors LLC grew its position in Embraer-Empresa Brasileira de Aeronautica by 673.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock worth $114,000 after acquiring an additional 2,147 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Embraer-Empresa Brasileira de Aeronautica by 47.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company's stock worth $176,000 after acquiring an additional 1,216 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ERJ. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price target for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. The Goldman Sachs Group upped their price objective 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. Zacks Research downgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Two investment 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.67.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.3%

Shares of ERJ stock traded down $0.19 during trading hours on Friday, reaching $56.27. The company had a trading volume of 1,544,727 shares, compared to its average volume of 1,631,817. The company has a 50 day moving average of $55.27 and a 200 day moving average of $49.93. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 27.45 and a beta of 1.87. 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) earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). The company had revenue of $1.82 billion during the quarter, compared to analyst estimates 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 last year, the company earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

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.