Public Employees Retirement System of Ohio Reduces Stake in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Embraer-Empresa Brasileira de Aeronautica by 5.6%, owning 153,866 shares valued at approximately $8.76 million after selling 9,119 shares in the second quarter.
• Analysts have recently upgraded Embraer’s stock ratings, with Zacks Research moving it from "strong sell" to "hold" and HSBC upgrading from "hold" to "strong buy", resulting in an average price target of $59.40.
• For the second quarter, Embraer reported an EPS of ($0.02), missing estimates of $0.47, but reported revenue of $1.82 billion, surpassing analyst expectations of $1.67 billion.

Public Employees Retirement System of Ohio decreased its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,866 shares of the aerospace company's stock after selling 9,119 shares during the period. Public Employees Retirement System of Ohio owned 0.08% of Embraer-Empresa Brasileira de Aeronautica worth $8,757,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. WPG Advisers LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $25,000. U.S. Capital Wealth Advisors LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 5.3% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company's stock worth $569,000 after buying an additional 624 shares in the last quarter. US Bancorp DE increased its position in Embraer-Empresa Brasileira de Aeronautica by 19.4% during the first quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock worth $184,000 after buying an additional 648 shares in the last quarter. Jones Financial Companies Lllp increased its position in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company's stock worth $70,000 after buying an additional 747 shares in the last quarter. Finally, Vident Advisory LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 6.7% during the first quarter. Vident Advisory LLC now owns 15,015 shares of the aerospace company's stock worth $694,000 after buying an additional 937 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ERJ. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. 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. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. 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 report on Thursday, July 31st. Finally, Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has an average rating of "Moderate Buy" and an average price target of $59.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

ERJ stock opened at $60.57 on Friday. The stock has a 50-day moving average price of $56.55 and a two-hundred day moving average price of $51.60. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $32.26 and a 12-month high of $62.09. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58. The company has a market cap of $11.12 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 3.66 and a beta of 1.87.

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 analysts' consensus estimates of $0.47 by ($0.49). The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.67 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%.During the same quarter in the prior year, the firm earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, research analysts predict 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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