Fred Alger Management LLC Takes $272,000 Position in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Fred Alger Management LLC has acquired a new stake in Embraer-Empresa Brasileira de Aeronautica, purchasing 5,897 shares valued at approximately $272,000. This investment reflects growing interest from institutional investors in the company.
• Embraer reported a quarterly earnings miss with an **EPS of ($0.02)**, falling short of analysts' expectations of $0.47, despite achieving a revenue of $1.82 billion for the quarter.
• Research firms have varying ratings on Embraer, with UBS Group recommending a "sell" and Goldman Sachs upgrading to a "buy" with a target price of $67.00, indicating divided sentiment among analysts.

Fred Alger Management LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,897 shares of the aerospace company's stock, valued at approximately $272,000.

Several other hedge funds have also made changes to their positions in the stock. WPG Advisers LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at about $25,000. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 5.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company's stock valued at $569,000 after buying an additional 624 shares during the period. US Bancorp DE lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 19.4% in the first quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock valued at $184,000 after buying an additional 648 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company's stock valued at $70,000 after buying an additional 747 shares during the period. Finally, Vident Advisory LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 6.7% in the first quarter. Vident Advisory LLC now owns 15,015 shares of the aerospace company's stock valued at $694,000 after buying an additional 937 shares during the period. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.3%

Shares of ERJ opened at $59.38 on Thursday. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 28.97 and a beta of 1.87. 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 has a 12 month low of $32.26 and a 12 month high of $62.09. The company has a 50-day moving average price of $55.80 and a two-hundred day moving average price of $50.74.

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). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Equities analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ERJ. UBS Group increased 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. The Goldman Sachs Group increased their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Finally, Wolfe Research upgraded shares of 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 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $57.40.

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.

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