Embraer-Empresa Brasileira de Aeronautica $ERJ Stock Position Lowered by Spire Wealth Management

Spire Wealth Management trimmed its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 97.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 511 shares of the aerospace company’s stock after selling 16,743 shares during the quarter. Spire Wealth Management’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $29,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GQG Partners LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at $276,246,000. JPMorgan Chase & Co. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 654.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company’s stock worth $161,737,000 after acquiring an additional 3,036,797 shares in the last quarter. Jennison Associates LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the 1st 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 in the last quarter. Nuveen LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth about $84,931,000. Finally, Invesco Ltd. grew its stake in Embraer-Empresa Brasileira de Aeronautica by 116.8% during the 1st quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company’s stock valued at $123,762,000 after acquiring an additional 1,443,186 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.1%

Embraer-Empresa Brasileira de Aeronautica stock opened at $65.18 on Friday. Embraer-Empresa Brasileira de Aeronautica has a one year low of $33.06 and a one year high of $67.44. The company’s fifty day moving average price is $60.26 and its two-hundred day moving average price is $54.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 6.09 and a beta of 1.82.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

ERJ has been the topic of a number of research reports. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. The Goldman Sachs Group boosted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Citigroup increased their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.17.

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.