Russell Investments Group Ltd. Increases Stock Position in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Russell Investments Group Ltd. has increased its stake in Embraer-Empresa Brasileira de Aeronautica by 25.9% during the first quarter of the year, acquiring an additional 32,392 shares, bringing its total ownership to 157,627 shares valued at approximately $7.28 million.
• Embraer's latest quarterly earnings report showed a loss of ($0.02) earnings per share, missing analysts' expectations of $0.47, despite generating revenue of $1.82 billion, surpassing estimates.
• Analysts have mixed views on Embraer, with HSBC upgrading the stock to a "buy" rating and increasing the price target, while Zacks downgraded it to a "strong sell," reflecting varying sentiments in the market.

Russell Investments Group Ltd. increased its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 25.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,627 shares of the aerospace company's stock after buying an additional 32,392 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Embraer-Empresa Brasileira de Aeronautica worth $7,282,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Jennison Associates LLC raised 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 valued at $190,629,000 after buying an additional 2,819,306 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock valued at $161,737,000 after buying an additional 3,036,797 shares during the last quarter. Invesco Ltd. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 116.8% in the first quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock valued at $123,762,000 after buying an additional 1,443,186 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after buying an additional 390,094 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $84,931,000. Institutional investors and hedge funds own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ERJ. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and upped their price target for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. The Goldman Sachs Group upped their price target on shares of 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. UBS Group upped their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a "sell" rating in a research report on Friday, August 15th. Finally, Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of "Moderate Buy" and an average target price of $54.67.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.1%

Shares of Embraer-Empresa Brasileira de Aeronautica stock traded up $0.6340 during trading hours on Friday, hitting $56.9140. The company's stock had a trading volume of 1,332,695 shares, compared to its average volume of 2,503,724. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $31.76 and a 1-year high of $61.65. The business has a fifty day moving average of $54.87 and a 200 day moving average of $49.41. The company has a market capitalization of $10.45 billion, a PE ratio of 27.76 and a beta of 1.76. 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 (NYSE:ERJ - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.38% and a net margin of 5.43%.The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

About Embraer-Empresa Brasileira de Aeronautica

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.