Northern Trust Corp Sells 25,538 Shares of Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Northern Trust Corp has reduced its stake in Embraer-Empresa Brasileira de Aeronautica by 7.1%, selling 25,538 shares and owning approximately 334,799 shares worth $15.47 million as of the end of the first quarter.
• Wall Street analysts have mixed ratings for Embraer, with Wolfe Research upgrading it to an "outperform" rating at a price target of $64.00, while Zacks downgraded it to a "strong sell."
• Embraer reported a quarterly earnings loss of ($0.02) per share, missing estimates by ($0.49), although its revenue was $1.82 billion, beating expectations.

Northern Trust Corp decreased its stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,799 shares of the aerospace company's stock after selling 25,538 shares during the period. Northern Trust Corp owned about 0.18% of Embraer-Empresa Brasileira de Aeronautica worth $15,468,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Colonial Trust Co SC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $42,000. Farther Finance Advisors LLC boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 673.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock worth $114,000 after purchasing an additional 2,147 shares in the last quarter. Redwood Investments LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $161,000. PNC Financial Services Group Inc. raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 47.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company's stock valued at $176,000 after buying an additional 1,216 shares in the last quarter. Finally, US Bancorp DE lifted its position in Embraer-Empresa Brasileira de Aeronautica by 19.4% in the 1st quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock worth $184,000 after buying an additional 648 shares during the last quarter. 34.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ERJ. 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 on the stock in a research report on Thursday, July 31st. Zacks Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Finally, HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and upped their price target for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. Two equities research 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $54.67.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.8%

Shares of ERJ opened at $57.34 on Wednesday. The stock has a market capitalization of $10.53 billion, a P/E ratio of 27.97 and a beta of 1.87. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $31.76 and a twelve month high of $61.65. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $55.41 and a two-hundred day simple moving average of $50.08.

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) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.49). The firm 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 last year, the company posted $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

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.

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