Natixis Advisors LLC Cuts Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Key Points

• Natixis Advisors LLC reduced its holdings in Embraer-Empresa Brasileira de Aeronautica by 7.6%, selling 12,067 shares, and now owns about 0.08% of the company valued at approximately $6.77 million.
• Other institutional investors significantly increased their stakes, with Jennison Associates LLC and Invesco Ltd. boosting their positions by 215.7% and 17,140.6% respectively during the quarter.
• Embraer reported a quarterly earnings per share (EPS) of $0.40, surpassing estimates, although revenue of $1.10 billion fell short of expectations of $1.17 billion.

Natixis Advisors LLC reduced its holdings in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 7.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 146,429 shares of the aerospace company's stock after selling 12,067 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of Embraer-Empresa Brasileira de Aeronautica worth $6,765,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $502,000. JPMorgan Chase & Co. grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 109.6% during the 4th quarter. JPMorgan Chase & Co. now owns 464,002 shares of the aerospace company's stock worth $17,020,000 after acquiring an additional 242,649 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 316,197 shares of the aerospace company's stock valued at $11,598,000 after buying an additional 3,882 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Embraer-Empresa Brasileira de Aeronautica by 10.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 242,047 shares of the aerospace company's stock worth $8,878,000 after buying an additional 22,603 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 2.0% in the fourth quarter. Bank of Montreal Can now owns 41,389 shares of the aerospace company's stock worth $1,518,000 after purchasing an additional 799 shares during the last quarter. 34.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ERJ. Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a research report on Thursday, July 31st. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. UBS Group reaffirmed a "sell" rating and set a $39.00 target price (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group lifted their price target on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.83.

Embraer-Empresa Brasileira de Aeronautica Stock Down 0.3%

NYSE ERJ traded down $0.20 during trading on Friday, reaching $57.75. 983,609 shares of the company's stock were exchanged, compared to its average volume of 1,787,663. The company has a 50 day moving average price of $52.64 and a two-hundred day moving average price of $48.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 1.33. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $29.91 and a 1 year high of $61.65. The stock has a market cap of $10.61 billion, a P/E ratio of 28.13 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company earned $0.44 EPS. On average, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Company 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.