Itau Unibanco Holding S.A. Purchases 265,094 Shares of Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Itau Unibanco Holding S.A. increased its stake in Embraer by 38.4%, purchasing an additional 265,094 shares during the first quarter, bringing its total ownership to 955,202 shares worth approximately $41.9 million.
• Multiple institutional investors have also adjusted their positions in the stock, with Northwestern Mutual Wealth Management Co. increasing its holdings by 241.6% and Farther Finance Advisors LLC by a remarkable 673.0% in the first quarter.
• Analysts' ratings for Embraer include a mix of upgrades and downgrades, with a current consensus rating of "Moderate Buy" and a target price averaging $54.67.

Itau Unibanco Holding S.A. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 38.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 955,202 shares of the aerospace company's stock after purchasing an additional 265,094 shares during the period. Embraer-Empresa Brasileira de Aeronautica accounts for approximately 1.6% of Itau Unibanco Holding S.A.'s portfolio, making the stock its 17th biggest position. Itau Unibanco Holding S.A. owned about 0.52% of Embraer-Empresa Brasileira de Aeronautica worth $41,948,000 at the end of the most recent reporting period.

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

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of Embraer-Empresa Brasileira de Aeronautica stock traded down $0.19 during trading on Monday, reaching $56.27. The company's stock had a trading volume of 1,544,727 shares, compared to its average volume of 1,631,817. Embraer-Empresa Brasileira de Aeronautica has a one year low of $31.76 and a one year high of $61.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 27.45 and a beta of 1.87. The business's fifty day moving average price is $55.27 and its 200-day moving average price is $49.93.

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 (EPS) 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 the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on ERJ shares. The Goldman Sachs Group boosted their price target on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. 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. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. 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 analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has an average rating of "Moderate Buy" and a consensus target price 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.