Headlands Technologies LLC Has $647,000 Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Key Points

• Headlands Technologies LLC significantly increased its holdings in **Embraer-Empresa Brasileira de Aeronautica** by **127.9%**, owning now **14,007 shares** valued at approximately **$647,000**.
• Multiple analysts have raised their target prices for Embraer, with **Goldman Sachs** increasing it from **$60.00 to $67.00** and maintaining a "buy" rating.
• Embraer reported a disappointing **earnings per share (EPS) of ($0.02)** for the last quarter, falling short of the consensus estimate of **$0.47**, despite revenue exceeding expectations at **$1.82 billion**.

Headlands Technologies LLC lifted its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 127.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,007 shares of the aerospace company's stock after purchasing an additional 7,861 shares during the quarter. Headlands Technologies LLC's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $647,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1,057.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company's stock worth $9,797,000 after purchasing an additional 193,739 shares during the last quarter. Jennison Associates LLC grew 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 worth $190,629,000 after purchasing an additional 2,819,306 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $227,000. Janney Montgomery Scott LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth about $249,000. Finally, Diversify Wealth Management LLC grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 13.0% during the 1st quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company's stock worth $2,004,000 after acquiring an additional 5,061 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ERJ shares. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price objective for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. UBS Group reissued a "sell" rating and set a $39.00 price objective (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. The Goldman Sachs Group increased their price objective on shares of 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. Wolfe Research raised shares of 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 report on Thursday, July 31st. Finally, Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.83.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.7%

Shares of NYSE ERJ traded up $0.99 during mid-day trading on Tuesday, hitting $58.76. The company's stock had a trading volume of 937,340 shares, compared to its average volume of 1,782,358. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 28.66 and a beta of 1.76. 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 has a one year low of $31.76 and a one year high of $61.65. The company's fifty day simple moving average is $53.12 and its 200-day simple moving average is $48.44.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.49). The business 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 period last year, the business posted $0.44 EPS. On average, sell-side analysts anticipate 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.