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GQG Partners LLC Makes New Investment in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Embraer-Empresa Brasileira de Aeronautica logo with Aerospace background

Key Points

  • GQG Partners LLC has acquired a new position in Embraer-Empresa Brasileira de Aeronautica, purchasing approximately 5.98 million shares valued at around $276.25 million, bringing its total ownership to 3.26%.
  • Several institutional investors, including JPMorgan Chase & Co. and Jennison Associates LLC, have significantly increased their holdings in Embraer during the first quarter, highlighting growing institutional interest.
  • Analysts have mixed sentiments on Embraer's stock, with ratings ranging from "sell" to "strong buy," while the average price target stands at $53.83.
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GQG Partners LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,979,351 shares of the aerospace company's stock, valued at approximately $276,246,000. GQG Partners LLC owned 3.26% of Embraer-Empresa Brasileira de Aeronautica at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC boosted its holdings in shares of 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 buying an additional 2,819,306 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock worth $161,737,000 after buying an additional 3,036,797 shares during the period. Invesco Ltd. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 116.8% in the first quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock worth $123,762,000 after buying an additional 1,443,186 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock worth $89,465,000 after buying an additional 390,094 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth about $84,931,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ERJ has been the subject of several research reports. UBS Group restated a "sell" rating and set a $39.00 price target (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. 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 report on Thursday, July 31st. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price target for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group raised their price target 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of "Moderate Buy" and an average target price of $53.83.

Check Out Our Latest Research Report on Embraer-Empresa Brasileira de Aeronautica

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of ERJ opened at $58.76 on Wednesday. The firm has a market cap of $10.79 billion, a PE ratio of 28.66 and a beta of 1.76. The firm's 50 day moving average price is $53.37 and its 200 day moving average price is $48.51. 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 has a twelve month low of $31.76 and a twelve month high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $1.82 billion for 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 in the previous year, the business posted $0.44 EPS. As a group, research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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