Embraer-Empresa Brasileira de Aeronautica $ERJ Position Increased 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 boosted its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 80.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,433,113 shares of the aerospace company's stock after purchasing an additional 637,585 shares during the period. AQR Capital Management LLC owned about 0.78% of Embraer-Empresa Brasileira de Aeronautica worth $66,210,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at approximately $25,000. Colonial Trust Co SC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $42,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $82,000 after acquiring an additional 1,249 shares during the last quarter. Farther Finance Advisors LLC grew its holdings 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 in the last quarter. Finally, Redwood Investments LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $161,000. Institutional investors and hedge funds own 34.65% of the company's stock.

Wall Street Analyst Weigh In

ERJ has been the topic of several research analyst reports. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. The Goldman Sachs Group increased 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. UBS Group increased 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 raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their target price for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. Finally, Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective on the stock in a research note on Thursday, July 31st. Two investment 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.com, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of "Moderate Buy" and a consensus price target of $57.40.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

ERJ traded down $0.16 during trading hours on Tuesday, hitting $60.15. 1,010,023 shares of the stock were exchanged, compared to its average volume of 1,756,135. The stock has a 50-day simple moving average of $55.78 and a 200-day simple moving average of $50.61. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $32.26 and a 12 month high of $61.65. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 29.34 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.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) 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 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 quarter in the previous year, the business posted $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

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.