Vanguard Group Inc. Has $39.63 Million Stake in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Vanguard Group Inc. reduced its stake in Embraer by 1.4%, now owning 857,817 shares valued at approximately $39.6 million.
• The aerospace company's earnings report showed a loss of ($0.02) per share, significantly missing the expected profit of $0.47, despite revenues surpassing estimates at $1.82 billion.
• Analysts have mixed sentiments on Embraer, with ratings ranging from "Strong Buy" to "Sell," resulting in an average target price of $54.67.

Vanguard Group Inc. cut its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 857,817 shares of the aerospace company's stock after selling 12,603 shares during the period. Vanguard Group Inc. owned approximately 0.47% of Embraer-Empresa Brasileira de Aeronautica worth $39,631,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Jennison Associates LLC raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 215.7% during the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after acquiring an additional 2,819,306 shares during the period. AQR Capital Management LLC raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 104.4% during the fourth quarter. AQR Capital Management LLC now owns 795,528 shares of the aerospace company's stock valued at $28,909,000 after acquiring an additional 406,384 shares during the period. Nicholas Investment Partners LP raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 11.0% during the fourth quarter. Nicholas Investment Partners LP now owns 648,085 shares of the aerospace company's stock valued at $23,772,000 after acquiring an additional 64,098 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 902.5% during the fourth quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company's stock valued at $21,534,000 after acquiring an additional 528,508 shares during the period. Finally, Two Sigma Investments LP increased its stake in Embraer-Empresa Brasileira de Aeronautica by 27.4% in the 4th quarter. Two Sigma Investments LP now owns 506,051 shares of the aerospace company's stock valued at $18,562,000 after buying an additional 108,740 shares during the period. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.3%

Embraer-Empresa Brasileira de Aeronautica stock traded down $0.19 during midday trading on Friday, hitting $56.27. 1,544,727 shares of the stock were exchanged, compared to its average volume of 1,697,095. The company has a fifty day simple moving average of $55.27 and a two-hundred day simple moving average of $49.88. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $31.76 and a 52 week high of $61.65. The stock has a market capitalization of $10.33 billion, a PE ratio of 27.45 and a beta of 1.76. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced 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). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on ERJ. 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. The Goldman Sachs Group raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. UBS Group raised their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a "sell" rating in a research note on Friday, August 15th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Wolfe Research raised shares of 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. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.