5,897 Shares in Embraer-Empresa Brasileira de Aeronautica $ERJ Bought by Fred Alger Management LLC

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 acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,897 shares of the aerospace company's stock, valued at approximately $272,000.

Several other large investors also recently added to or reduced their stakes in ERJ. GQG Partners LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth approximately $276,246,000. Jennison Associates LLC grew its stake in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the first 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 654.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock worth $161,737,000 after purchasing an additional 3,036,797 shares during the period. Invesco Ltd. raised its position in Embraer-Empresa Brasileira de Aeronautica by 116.8% during the 1st quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock valued at $123,762,000 after purchasing an additional 1,443,186 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth $84,931,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.2%

ERJ stock traded up $0.14 on Tuesday, hitting $57.10. 978,690 shares of the company's stock were exchanged, compared to its average volume of 1,373,892. The firm has a 50 day moving average price of $55.56 and a two-hundred day moving average price of $51.15. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $32.26 and a 12-month high of $62.09. The stock has a market cap of $10.49 billion, a P/E ratio of 27.85 and a beta of 1.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%.The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ERJ. Zacks Research lowered Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. The Goldman Sachs Group raised 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 report on Thursday, August 7th. UBS Group boosted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a "sell" rating in a report on Friday, August 15th. Bank of America increased their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, September 11th. Finally, Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.40.

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.