Embraer-Empresa Brasileira de Aeronautica $ERJ Shares Purchased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Embraer by 80.1% in the first quarter, owning approximately $66.2 million worth of shares.
• Research analysts have upgraded their ratings on Embraer, including HSBC and Goldman Sachs, with price targets raised to $57.00 and $67.00, respectively.
• Embraer reported a loss of $0.02 EPS for its latest quarter, missing the consensus estimate significantly, even as revenues surpassed expectations at $1.82 billion.

AQR Capital Management LLC raised its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 80.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,433,113 shares of the aerospace company's stock after buying an additional 637,585 shares during the quarter. AQR Capital Management LLC owned approximately 0.78% of Embraer-Empresa Brasileira de Aeronautica worth $66,210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ERJ. Robeco Institutional Asset Management B.V. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1,057.8% in 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 during the last quarter. Jennison Associates LLC boosted its holdings in shares of 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 valued at $190,629,000 after purchasing an additional 2,819,306 shares during the last quarter. Quantinno Capital Management LP acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $227,000. Janney Montgomery Scott LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at $249,000. Finally, Diversify Wealth Management LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 13.0% in the 1st quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company's stock worth $2,004,000 after buying an additional 5,061 shares during the period. Institutional investors and hedge funds own 34.65% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ERJ. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price target for the company in a research report on Thursday, July 31st. Bank of America lifted their price objective on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday. UBS Group increased their target price 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. HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price target for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. Finally, 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. Two 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $59.40.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.0%

ERJ traded down $0.61 during trading hours on Thursday, reaching $58.78. 1,347,761 shares of the stock traded hands, compared to its average volume of 1,488,761. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $32.26 and a fifty-two week high of $62.09. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 28.67 and a beta of 1.87. 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's fifty day simple moving average is $55.75 and its two-hundred day simple moving average is $50.85.

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 analysts' consensus estimates of $0.47 by ($0.49). The firm 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 previous year, the company earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal 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.