Scientech Research LLC Takes $1.32 Million Position in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Scientech Research LLC made a significant investment in Embraer, acquiring 28,613 shares valued at approximately $1.32 million in the first quarter.
• Several other institutional investors have also increased their stakes in Embraer, with GQG Partners LLC investing around $276 million, and JPMorgan Chase & Co. raising their position by 654.5%.
• Analysts have varied views on Embraer's stock, with upgrades leading to a consensus price target of $57.40 and a general rating of "Moderate Buy."

Scientech Research LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 28,613 shares of the aerospace company's stock, valued at approximately $1,322,000.

Several other institutional investors have also recently bought and sold shares of the stock. WPG Advisers LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth $25,000. Colonial Trust Co SC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $42,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 241.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock worth $82,000 after acquiring an additional 1,249 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 673.0% during the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after acquiring an additional 2,147 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 47.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company's stock valued at $176,000 after acquiring an additional 1,216 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ERJ shares. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. UBS Group raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a "sell" rating in a research note on Friday, August 15th. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wolfe Research raised 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 note on Thursday, July 31st. Finally, Zacks Research downgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $57.40.

Embraer-Empresa Brasileira de Aeronautica Stock Down 0.3%

Shares of ERJ traded down $0.16 during midday trading on Tuesday, hitting $60.15. The stock had a trading volume of 1,010,023 shares, compared to its average volume of 1,462,105. The company has a 50 day simple moving average of $55.80 and a two-hundred day simple moving average of $50.68. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $32.26 and a twelve month high of $61.65. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 29.34 and a beta of 1.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60.

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 (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 during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, analysts anticipate 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.