Hsbc Holdings PLC Buys 67,034 Shares of Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Hsbc Holdings PLC increased its stake in Embraer by 41.0% during the first quarter, obtaining 230,375 shares valued at approximately $10.64 million.
• Major institutional investors, including GQG Partners LLC and JPMorgan Chase & Co., have significantly raised their investments in Embraer, reflecting growing interest in the company.
• Despite a recent quarterly earnings report that missed analyst expectations, Embraer has received upgrades from various research firms, with HSBC raising its target price from $45.00 to $57.00 and upgrading to a "buy" rating.

Hsbc Holdings PLC lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 41.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,375 shares of the aerospace company's stock after buying an additional 67,034 shares during the period. Hsbc Holdings PLC owned about 0.13% of Embraer-Empresa Brasileira de Aeronautica worth $10,643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1,057.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company's stock worth $9,797,000 after buying an additional 193,739 shares during the period. Jennison Associates LLC boosted its position in 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 purchasing an additional 2,819,306 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $227,000. Janney Montgomery Scott LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $249,000. Finally, Diversify Wealth Management LLC boosted its position in Embraer-Empresa Brasileira de Aeronautica by 13.0% during the first quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company's stock valued at $2,004,000 after purchasing an additional 5,061 shares during the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of ERJ stock traded down $0.32 during trading hours on Friday, reaching $56.13. The company's stock had a trading volume of 929,953 shares, compared to its average volume of 1,757,907. 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 fifty-two week low of $31.76 and a fifty-two week high of $61.65. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 27.38 and a beta of 1.76. The firm's 50 day simple moving average is $55.19 and its 200-day simple moving average is $49.72.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released 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). 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ERJ has been the subject of several recent research reports. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and increased their price target for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. UBS Group upped their price objective on 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 upped their price objective on 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. Finally, Wolfe Research upgraded 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 research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.67.

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.