Scientech Research LLC Acquires New Stake 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 shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 28,613 shares of the aerospace company's stock, valued at approximately $1,322,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GQG Partners LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $276,246,000. JPMorgan Chase & Co. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 654.5% during the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock worth $161,737,000 after purchasing an additional 3,036,797 shares in the last quarter. Jennison Associates LLC increased 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 worth $190,629,000 after purchasing an additional 2,819,306 shares during the last quarter. Nuveen LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth approximately $84,931,000. Finally, Invesco Ltd. raised its stake in 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 purchasing an additional 1,443,186 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ERJ shares. The Goldman Sachs Group boosted 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 note on Thursday, August 7th. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a research note on Thursday, July 31st. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and lifted their price target for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, Zacks Research lowered Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Two equities 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $59.40.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.6%

Shares of ERJ traded down $0.93 on Friday, reaching $57.87. The stock had a trading volume of 316,394 shares, compared to its average volume of 1,747,547. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $32.26 and a 12-month high of $62.09. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 28.24 and a beta of 1.87. The company has a 50-day simple moving average of $55.75 and a 200-day simple moving average of $50.85.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) 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 the consensus estimate of $1.67 billion. During the same quarter last year, the company posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current 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.