XTX Topco Ltd Makes New Investment in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Key Points

• XTX Topco Ltd acquired 21,859 shares of Embraer, worth approximately $1,010,000, marking its entry into the aerospace company during the first quarter.
• Embraer reported strong earnings, with an EPS of $0.40 for the quarter, exceeding analysts' expectations of $0.21, and a revenue increase of 23.0% compared to the previous year.
• Recent analyst upgrades include HSBC raising its rating to "strong-buy" and increasing the target price from $45.00 to $57.00, reflecting positive sentiment towards the company's performance.

XTX Topco Ltd purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,859 shares of the aerospace company's stock, valued at approximately $1,010,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1,057.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company's stock worth $9,797,000 after acquiring an additional 193,739 shares during the last quarter. Jennison Associates LLC raised its stake 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 acquiring an additional 2,819,306 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $227,000. Janney Montgomery Scott LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $249,000. Finally, Diversify Wealth Management LLC grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 13.0% during the 1st quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company's stock worth $2,004,000 after buying an additional 5,061 shares during the period. 34.65% of the stock is owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Trading Up 1.7%

NYSE ERJ traded up $0.99 during trading on Monday, reaching $57.83. 2,237,197 shares of the stock traded hands, compared to its average volume of 1,782,880. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 26.77 and a beta of 1.76. The stock's 50-day moving average price is $51.84 and its 200 day moving average price is $47.73. The company has a quick ratio of 0.59, a current ratio of 1.32 and a debt-to-equity ratio of 0.56. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $26.04 and a fifty-two week high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.19. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The business's quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.48) earnings per share. Analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The business also recently declared a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio is 1.85%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ERJ shares. 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. 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 for the company in a research report on Thursday. HSBC upgraded shares of 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 report on Wednesday, June 4th. The Goldman Sachs Group lifted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Finally, UBS Group reiterated a "sell" rating and set a $39.00 price target (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica has an average rating of "Moderate Buy" and a consensus price target of $52.67.

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.